ZIP 7.33% $1.39 zip co limited..

I was saying $10.50, not $11. And yeah it's looking less likely...

  1. 1,459 Posts.
    lightbulb Created with Sketch. 542
    that's a good one
    I was saying $10.50, not $11. And yeah it's looking less likely each day. The Nasdaq is in a solid downtrend, so that added pressure will continue to weigh on Zip. If the US keeps moving south then Zip will generally follow. So, I would say I'm leaning 60/40 that we will see ~$8.50 as the resting place - but the key thing is patience. When it settles it won't rally back up in a second, it will sit there for a week or two, so the consolidation will be obvious.

    It's looking more and more like September. The Fed talks on Friday this week so that is throwing some nerves in to the market. Their comments on Friday will be key i think as 12,700 is a key level for the Nasdaq. If they have a bad tone, we will see 12,500 and maybe 12,200 which will push down hard on all tech in the ASX.

    Just more opportunity if you ask me...

    https://hotcopper.com.au/data/attachments/2964/2964957-fe34d59fc7d5b8bd706302a9b3c10cee.jpg

 
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Last
$1.39
Change
-0.110(7.33%)
Mkt cap ! $1.507B
Open High Low Value Volume
$1.54 $1.54 $1.38 $44.76M 31.08M

Buyers (Bids)

No. Vol. Price($)
2 31600 $1.39
 

Sellers (Offers)

Price($) Vol. No.
$1.40 9500 1
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$1.40
  Change
-0.110 ( 6.24 %)
Open High Low Volume
$1.54 $1.54 $1.38 7711799
Last updated 15.59pm 29/03/2024 ?
ZIP (ASX) Chart
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