Slightly more complicated than this.
It depends entirely on the price action of the day and how the US acted the night before. Remember, Zip hasn't released any information so all the price movement we see is from macroeconomic and political issues.
If, let's say the US gets a massive sell off - all hell breaks lose and there's rioting and both Biden and Trump and cracking the sads over vote numbers, political chaos, Covid shutting everything down etc etc...then I think Zip will punch through $5.55 and we'll see somewhere close to $5 (psychological barrier).
More chaos will lead to more selling and push down to the most recent low of lows - $4.75.
More chaos will see the gap closed I'm afraid to say - $3.75.
Again, the Nasdaq CAH will provide the answer - and noting the above I'm refusing to catch this knife.
On the other hand, political stability post US election, vaccine comes out etc. then maybe $5.55 will hold and the UK announcement will spur a rally. Unfortunately this is a suck-it-and-see scenario.
Patience is key.
Chart - Z1P, page-1038
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Last
$2.17 |
Change
0.000(0.00%) |
Mkt cap ! $2.833B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.24 | $2.16 | $26.49M | 12.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 176826 | $2.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 42564 | 2 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |