ZIP 3.63% $1.29 zip co limited..

Prior to this announcement, you have to remember that the floor...

  1. 84 Posts.
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    Prior to this announcement, you have to remember that the floor was at about the $5-$6 range where it would consolidate. It does not surprise me that we have come back down from such an incredibly strong rally, but what is important is that our floor now becomes higher than what it was prior to our rally. Z1P is still in an uptrend overall and as long as we have higher highs and higher lows and be consistent with this principle, we dont have anything to worry about. Z1P fundamentals are consistently improving and as long as that happens, your ownership of a piece of the company will inevitably become more valuable over time.

    WEEKLY CHART, Price action is at the equilibrium range, Bearish Volume Decreasing, most recent Candle Body < than Tail, Bearish Sentiment Weakening https://hotcopper.com.au/data/attachments/3057/3057054-2a2fa7135d796c81388111c64793ee69.jpg

    DAILY CHART, Nearing Over Sold RSI Range, historically speaking, Z1p ONLY EVER became oversold due to the onset of the COVID-19 Hysteria
    https://hotcopper.com.au/data/attachments/3057/3057069-8026898948197239de7b68491a17ccf5.jpg

    Over all, it seems to me that technically speaking, Z1P is primed to continue its uptrend with a higher floor (Support) base as the analysis and indicators are suggesting that the Bearish Price Action after the Bullish Rally is weakening and consolidation/reversal is to be imminent sooner or later.

    As shown, Z1P's Price Action is respecting the fundamental rule of an Uptrend. Higher Highs and Higher Lows. So i dont really understand people's impatience and pessimism. Cant expect something to keep rallying forever, eventually Price Action needs to calm down and touch home base, as long as home base is better than what it was previously.

    Unrealistic Expectations Breeds FOMO.

    Just My Opinion, Not Financial Advice
 
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Last
$1.29
Change
0.045(3.63%)
Mkt cap ! $1.442B
Open High Low Value Volume
$1.27 $1.32 $1.27 $16.63M 12.86M

Buyers (Bids)

No. Vol. Price($)
1 30048 $1.29
 

Sellers (Offers)

Price($) Vol. No.
$1.29 290528 11
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$1.29
  Change
0.045 ( 3.89 %)
Open High Low Volume
$1.25 $1.31 $1.25 2717786
Last updated 15.59pm 03/05/2024 ?
ZIP (ASX) Chart
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