ZIP 3.32% $2.34 zip co limited..

Re APT I can't see your pennant on a weekly chart, which is...

  1. 306 Posts.
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    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.

    https://hotcopper.com.au/data/attachments/2711/2711011-ab70246c51c2cd7e3377738dbe625504.jpg

 
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