hey mate, no trend reversal just yet, the structure still is lower/lows higher/lows. there is some semi good news there was a positive bounce off of the value are high of the mini mid range (purple line). now what we want to see is either
A) conformation of support and consolidation on or above the purple line.
B) a break above pink line and ideally bounce off of it to confirm a support/resistance flip.
iv also put in the fib channels (0.615/0.65) these areas are ideal area's for shorter's to buy there positions and for day traders/very quick traders to sell there longs also. as you can see on this chart they have been well respected in creating the lower highs.
my point for bing that up is we "may" see some resistance at that bottom one which hasn't been touched just yet, also we have the trend line (pink) acting as resistance.
I think she should be good for Tomorrow as I see it the nasdaq is up 1.84% at the time of writing this, where the price is currently if we look at price history it spent 15 day consolidating before moving up indicating strong support. and last point the 1.9t stimulus is on bidders desk currently I believe.
anyway there is also a chance it could fall to shit tomorrow, but I feel like that's the least likely.
hope that helped![]()
- Forums
- Charts
- Chart - Z1P
hey mate, no trend reversal just yet, the structure still is...
-
- There are more pages in this discussion • 9,897 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B |
Open | High | Low | Value | Volume |
$2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 133683 | $2.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.20 | 235682 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 38024 | 2.180 |
2 | 1381 | 2.170 |
3 | 17776 | 2.160 |
5 | 23480 | 2.150 |
2 | 46380 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 194372 | 36 |
2.210 | 175 | 1 |
2.220 | 34300 | 6 |
2.230 | 8500 | 3 |
2.240 | 13075 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |