ZIP 7.46% $1.86 zip co limited..

Hi Mate your Aristocrat looks in a lot of trouble.i was looking...

  1. 4,280 Posts.
    lightbulb Created with Sketch. 1897






    Hi Mate your Aristocrat looks in a lot of trouble.

    i was looking for $6.50 as a short entry but not sure as it's going to take significant momentum and volume to get there.

    It needs to break out of the downtrend and overcome significant resistance in the $6.00 area as there will be a considerable amount of frustrated buyers happy to break even.

    The 50 Day MA is trending down to the 200 day MA and it is potentially going to form a death cross as it did previously in February 2020 resulting in a 70 % fall in value

    https://hotcopper.com.au/data/attachments/2820/2820446-ae33a6c90d01da300f54ce6a4f1f0345.jpg
    Last edited by Goodfella58: 19/01/21
 
watchlist Created with Sketch. Add ZIP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.