ZIP do note the gap at
$2.21 price feels like distribution up here before another slump down IMO
as per the 5min chart below
Daily chart shows its trying to push past all this overhead supply, any insto would add to their position on this broken trend of a stock.
The person who took a monster short clearly has the cash and probably available equity to avoid a margin call and is willing to hold through any drawdown
The Big Short style
I would love to look for long opportunities but I just don't trust what I am seeing on the tape there is
definitely big sellers lurking so be careful playing the counter trend longs (as I am). Still waiting for any chance to play a scalp or a swing however for a Friday, I am not liking what I see. The range has been unimpressive for this volatile stock so there is no signal for a long just yet.
SENTIMENT for short term is NONE likewise with any positions. Stalking, but seeing nothing the sector is seriously weak I would love for ZIP to show otherwise because I too, want to make money here
(20min delay)