The Bear Room, page-2742

$1.75 is crucial for zip as a breach will signify the end of the uptrend and a return to 25 cents or lower.

When doing the Fibonacci projections I completely forgot about the "share split"

Although never having carried out an official share split Zip has done it by stealth with regular and repeated dilution so in fact measured in market cap it has already had a significant retrace of its decline in share price.

From Memory its Market cap at Peak was circa $6 billion and it fell to circa $250 million ( someone else can provide exact figures)

Last week it was worth circa $2.5 billion so already has enjoyed a 43% retrace which is more than enough for a B wave.

If it can hold above $1.75 then typical 50 % B wave retrace would target $2.38 on market cap basis.