Zip loves any reason to pull back so I would have to say it will pull back too.... temporarily. Even today it pulled back to 38c but strong buying keeps bringing it back. The news has/is too good for BNPL and Zip lately.
I want Zip to clear the 200 and the weekly 50 before the US markets really pull back so they become support. The US Santa rally normally starts mid-Dec and goes to early Jan but they keep going up (5 weeks straight up). Still waiting for this pullback and so is everyone else so might not happen until Jan. Market never does what the masses are thinking.
I hope that is what is happening now... a surprise continuous rally that everyone hates because they missed it. I also think markets will rally until the first rate cut in May-July next year so we could be in for a good time until then. If there is any pullback, I'm loading up on SP500, Nas100, & maybe some more Zippy
Ann: Q1 FY24 Results - Zip achieves positive Group cash EBTDA, page-1807
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Last
$2.55 |
Change
-0.070(2.67%) |
Mkt cap ! $3.329B | |||
| Open | High | Low | Value | Volume |
| $2.58 | $2.62 | $2.53 | $15.52M | 6.058M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9615 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 58215 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |