Yes you are correct the Bollinger Bands are converging usually indicating a sharp move.
There are no negative divergence on the other indicators so it could be in either direction.
The rise today was on weak volume and I closed out when it filled this morning's gap
It remains in the bear flag formation unless it takes out $7.00 if so then $7.50 is looking possible before next leg down
Chart - Z1P, page-91
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Last
$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $24.14M | 14.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 144386 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 170543 | 5 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |