Chart - Z1P, page-3069

it's a good place to buy, with a decent bounce it could go up to $7 in the coming months but don't think it will reach ATH very quickly.

if you are interested in trading psychology, here is my take, z1p is one particularly interesting stock, professionals are definitely playing this stock around the clock.

let's take the most recent CR for example:

1. once CR news come out, let price push up trapping more retail investors at 5.5-6 area, simply because most retail investors are going to think CR is likely to be a good base, and they are wrong most of the time.

2. start selling again and triggering stop losses, people who've sold think that it will go down lower to $3-$4 area, everyone who've bought on the news is in the red. people who didn't sell start questioning where it will stop and setting $5 as a base. people who didn't buy on the sideline watching and reluctant to buy because of the downward trend.

You can now start to see where the most optimal place to buy, it will be hard to go down to $3 without some ugly news but that's based on luck and we can ignore that for now. $5 will not be the base because too many people are thinking that it will be the good base and most of the time they are wrong and professionals like to play with that.

3. $5 broke, now something interesting happens, no body but a few brave ones will buy because a major support line is broken, I think this is where the real money is made. most retail investors is likely to hold their money wishing for a better entrance at a even lower price, and that in some sense, is also a type of greed, and they are likely to miss the bottom. so in the range between $4.7-$5 is a good place to accumulate for me personally.

4. now how do you make the CR look good then? because most are underwater by now, easy, you push it up just before that 30m SPP and retail investors will try their best to get a share of the pie at $5.3 again and the cycle repeats.

If this is true, we will likely to see $6-$7 range just before 30m SPP within the next month so z1p can get some more money from you through that SPP, and then again going down after the bounce to that $5 range, forming a base again. of course this is only my theory on the psychology side of trading, let's see if it turns out to be true GLTAH and have a good Christmas everyone.