Only the Charts, page-263

  1. 4,877 Posts.
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    Thank you @Tradinator I have made my detailed posts here for a few years and plan on continuing to share findings.

    I have not posted much on Twitter due to the limited characters but would like to put more content out there moving forward.

    So far Hotcopper has been a good place as I make many of my posts from a larger term macro outlook, whilst trading for the short term low hanging profits

    Looking forward to making more friendships and connections, sharing ideas and making some profits together biggrin.png


    ZIP has had an interesting pattern from the lows..1 day red, next day green. 1 day red, next day green We are currently on a Red Day. Do I think tomorrow goes green? It could but I don't think so. Currently we are at the upper end of former resistance zones showing a wick into the supply, and we are due to end this pattern and go into a 2nd Red Day all in my opinion ofcourse smile.png my opinion could be wrong.

    My timing on 6th December was good for a sell, I am patiently waiting for the breach below $2.80's, By that stage, it'll be clear to everyone. They aren't demolishing it in 1 day like a bad penny stock. Nonetheless, that monthly chart is more cause for concern than smaller time frames so we will need to report sometime in January when markets are back to normal liquidity smile.png

    Tomorrow is half a trading day, closing 2.10pm so I suspect half of todays volume, say 3.25M or so.
    991,000 shares shorted on 27th December probably covered for some profits today, unsure how many new shorts have added today?
    In other words from todays just under 6.7M shares, nearly 1M shares were just from buy to covers. We cant tell how many are shorters, and how many are genuine longs, I'd say less than 50% of todays volume is from genuine longs. Far too dangerous for me to mix in with this sort of crowd. I will step out of the way, let the sellers initiate control and see where things can dust off. There will be counter trend longs due to the nature of shortsellers but only for the active and brave with screen time smile.png

    https://hotcopper.com.au/data/attachments/6703/6703530-0e0cc4f003f0a8ddd07e4b432c4d4ced.jpg
 
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(20min delay)
Last
$2.92
Change
0.150(5.42%)
Mkt cap ! $3.779B
Open High Low Value Volume
$2.86 $2.97 $2.85 $51.81M 17.79M

Buyers (Bids)

No. Vol. Price($)
7 194996 $2.91
 

Sellers (Offers)

Price($) Vol. No.
$2.92 64762 3
View Market Depth
Last trade - 16.13pm 24/06/2025 (20 minute delay) ?
ZIP (ASX) Chart
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