ZIP (ASX) Only the Charts

Originally posted by Cheeky-Charm: ↑

Morning @nakervirus by the time I could hit the post though it's now afternoon you do make some valid points, some seem more speculative than others nonetheless I suppose price action and the chart will be telling us many things that the news is not yet showing (due to them holding it back).

P.S to dispel point 2 where you mentioned "I hardly think you can call a 22% drop a collapse while ignoring the massive run up."

I prefaced my post beginning with the very mention about the massive run ups! On Both ZIP at the very start, likewise with SEZL (the only thing I forgot was attaching the Daily Chart of SEZL). So I am not sure what you mean about me ignoring the run ups, nothing has been left out in my post as there is no bias. Longs got credit and now the shortsellers turn to reign supreme I think
This was nice to hear, it's been a while since open discussions have taken place without one party attacking and defaming the other, glad to hear you enjoyed both views @Ollie3039
Cheers!
Bullish posts always get far more likes for example the latest thesis I posted regarding BRN and a Short Squeeze to the Long side I think has been the most I ever received LOL. I have used the exact same approach in REVERSE for ZIP. Where my bearish posts always receive 90% less engagement in feedback but a 100% more increase in abuse LOL

Here's how BRN has been playing out so far, seemingly everyone at 40c now thinks what I was thinking at the low 20's lol prices are currently at 40c still with retailers going long at these levels.

Onto the Actual ZIP update, this is NOT a good look for the stock at all! Especially for the Longs
We can see a major topping wick into all the overhead resistance. Almost like a shooting star. I was mentioning in my first ZIP post that there's Gaps all the way upto $3.12 and wasn't sure if $2.91 visits first or the $3 areas,. We can now see it has done it's best to try close the gap and is being met with seller pressure

Monthly Chart shows 1st Red Month pattern being played out. The last time ZIP saw a Red Month, was back in April 2024 hitting a high of $1.435, followed by a 2nd Red Month, with the low being $1.12, a pullback of -21.90% At the moment ZIP is down around -15% off its highs and went as low as nearly -22%The key differences are, the last drop was when prices were in an uptrend. This drop has been what could be at the top, or an ending trend and so -22% could be doubled to -44% which puts it at the 150 EMA's at $2.50

Once again for me personally, there are far more downsides than there is upside.Guess it's too early to tell either way nonetheless all the best holders and I won't be interested in trying longs until perhaps $2.50

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Hi @Cheeky-Charm, thanks for your response and hope you've had a good Xmas/holiday period!

Out of curiousity, which of my points do you consider speculative?

Regarding point 2, I acknowledge that you do mention the companies have had a good run up - I guess my gripe was with the term "collapse". You ended the post saying a short selling firm caused a 22% collapse, but I think the wording implies huge losses, tragedy incoming etc - when in reality the company is up 1300% in the past 12 months even after that "collapse". And ignores that the shares have gone up a bit since that article came out as well.

I guess I also don't put any value on chart reading, and don't understand any of the chart technical aspects you're discussing - I'm far more focused on what the actual company reports say. Out of curiousity, based on the financial reports alone (e.g. 1Q25) what are your thoughts regarding the company's future?

Regarding the chart, you mention it's going to be the first red month since April 2024 - and the price now is a lot higher than in April. You mention the key difference is last time the prices were in an uptrend, but I don't see how you can say that April was an uptrend but currently we are in a downtrend? Have a look at the Zip chart over the past 12 months, 6 months, 3 months etc. It's all trending up.

And prices don't just go up in a straight line, there will be ups and downs. For example, from 27th March to 19th April the price dropped from $1.50 to $1.09. In mid July it dropped from $1.82 to $1.58. In early August it dropped from $2.01 to $1.68. In early September it dropped from $2.40 to $2.11. In late September/early October it dropped from $2.80 to $2.55. In mid October it dropped from $3.00 to $2.69.

Yes in early December it has dropped from $3.50ish to $3.00ish - but as you can see these types of drops regularly happen, but the company's share price continues upward setting new highs. And if basically only dropped from 4th December til 13th December. A period of 8 bad days doesn't suddenly mean the company is in a downtrend - particuarly when it seems clear that the overall market was dropping during that period as well. Check the ASX or Dow Jones for example during that period and you can see the decline between 4th December and 13th December. So unless you are also trying to claim the ASX and Dow Jon $es are in a downtrend then I don't think you can say Zip is in a downtrend either.

Even if the share price happens to drop to $2.75 or something, I have no doubt that in 6 months the share price will be higher than $3.50 (excluding huge unknown events occuring like another war etc).