Zip looks to be trading in 50c increments at the moment (refer image below), which is about 5% of it's share price, so pretty decent daily trading range.
Resistance gunna be seen around the $9 - $9.20 mark. Failure to break, back down to $8 and will need a micro/macro event to surge it again.
Break of $9.20 and it'll be clear skies to $10 where it'll see major resistance from all the punters who bought in back on 26/27 August last year and have held on for the whole time - good chance they've seen enough red and will want out.
After that, dunno - will be determined by general micro/macro events most likely and as usual, my old friend - the Nasdaq.
Either way, penetrating US and UK growth are where this company is going. Australia is nothing now. Zip will leverage the UK for the rest of Europe and i've already read about their interests in Asia.
Hold strong and prosper.
Z1P Price at posting:
$8.68 Sentiment: Hold Disclosure: Held
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