Is a head and shoulders chart relevant in this situation? I'm new to this, so of course I'm open to correction.
Zip got to $10 late August, then the news of Paypal and convertible notes priced at $5.53 got announced; driving the SP down to $5.84.
But Zip then climbed to $8. Isn't the US election causative of the current SP? (or at least a substantial cause of). Take the election out of the equation, what would the current SP be?
Is a head and shoulders chart relevant in this situation? I'm...
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 (20min delay)
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Last
$2.01 |
Change
0.100(5.24%) |
Mkt cap ! $2.544B | |||
| Open | High | Low | Value | Volume |
| $1.95 | $2.05 | $1.94 | $38.11M | 19.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 31620 | $2.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 23041 | 3 |
View Market Depth
| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |