Re APT I can't see your pennant on a weekly chart, which is where it would need to be for me (a pennant needs two weekly troughs and peaks on the boundaries to be valid - or so I was taught). I could see price maybe slipping back to $85 but anything is possible as the last 4 weekly candles suggest major market indecision.
ZIP both confirmed a technical downtrend and completed a valid Head & Shoulder last week but only by the narrowest of margins so next week is an important one. Lower prices would make me believe the H&S is definitely in.
My interest in both is purely academic as I don't hold either stock given their charts suggest trouble could be afoot.
Chart - Z1P, page-2305
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Last
$1.67 |
Change
-0.035(2.06%) |
Mkt cap ! $2.135B | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.70 | $1.66 | $8.425M | 5.022M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 20931 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 33923 | 16 |
View Market Depth
| Last trade - 12.58pm 08/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |