I was only looking at the Zip chart and it was clear it had completed five waves down at $5.60 and needed to retrace at least 23.6 percent .
To be honest I though it would get to 38.2 per cent around $7.50 but when it was completing wave 5 at $7 that rules that out for the time being.
Elliot Wave always has two counts a primary and secondary count.
So the bull case is that as long as $5.60 is respected then the correction is not complete and it could get to $7.50 before selling off again
A breach of $5.6O on a closing basis strengthens the $1.50 price target
Chart - Z1P, page-59
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Last
$2.01 |
Change
0.100(5.24%) |
Mkt cap ! $2.544B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $2.05 | $1.94 | $38.11M | 19.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 31620 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 23041 | 3 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |