Would mot get to excited about Moving Average breakouts as instruments can trade above them for some time and suddenly reverse.
If it were that simple everyone would make money.
The chart is bullish presently but I'd hate to see you get wiped put when you have waited so patiently for break even.
The most bullish of brokers has a $30 million EBTDA forecast for 2025 and applying sector multiples its already valued at way above that.
There are important Fibbonaaci dates on 18th December from the bottom of the rally and indeed on the 20th from previous ATH so be alert around these dates for full scale market crash.
Putin met with all of the heads of the middle east oil producing nations on 6th December and was visibly ebullient which could flag the end of the petro dollar meaning USA will be unble to service its trillions in interest payments.
That could be announced any tome in the coming weeks
ZIP - ASX Charts, page-60
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Last
$3.12 |
Change
-0.020(0.64%) |
Mkt cap ! $4.125B | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.39 | $3.07 | $45.80M | 14.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 29018 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.13 | 100439 | 27 |
View Market Depth
| Last trade - 13.30pm 07/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |