@freshtesh, Z1P is not the stock to double up or down. It is very volatile.
My advice is to pick a good entry on retracement. Never get into the stock at the heat of the moment as Z1P can burn both sides.
Look at Z1P daily chart and you can see that for a stock to jump from $6.59 to $7.91 over 2 days is screaming sell at the top end. It had a false break so typical of any other stocks (i.e. 2-3 pips above old high).
Make sure you manage the risk. The result day on Thu 27/08 is not going to be a full green candle IMO, based on past few results days and I concur with a few posters on this forum. Make up your own trading strategy. My view is that is may gap up slightly for the first few mins and end up shorted by traders to end lower. Check out all the quarterly updates from Z1P and you'll know what I mean.
@freshtesh, Z1P is not the stock to double up or down. It is...
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |