I was only looking at the Zip chart and it was clear it had completed five waves down at $5.60 and needed to retrace at least 23.6 percent .
To be honest I though it would get to 38.2 per cent around $7.50 but when it was completing wave 5 at $7 that rules that out for the time being.
Elliot Wave always has two counts a primary and secondary count.
So the bull case is that as long as $5.60 is respected then the correction is not complete and it could get to $7.50 before selling off again
A breach of $5.6O on a closing basis strengthens the $1.50 price target
Chart - Z1P, page-59
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 290528 | 11 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| ZIP (ASX) Chart |