ZIP 1.75% $1.60 zip co limited..

I think if you check I said a potential bounce at $5 many weeks...

  1. 4,264 Posts.
    lightbulb Created with Sketch. 1882
    I think if you check I said a potential bounce at $5 many weeks before it got there and as it approached I updated saying I was no longer looking for a strong rally due to the internal structure of the waves.

    Affirm those averages are not true given the limited time it has traded so I don't put any store in them.

    Im only counting the wave structure on Affirm and my primary count is we are close to completing five waves down in wave 1 and typically wave 2 is a sharp counter trend rally.

    As I said it's a high risk trade so I'm only buying calls and will accept a 50 percent loss if it goes the wrong way.

    The options premium is currently about 7 percent of stock price so I consider it a good risk reward at 3.5 percent loss in real terms against potential 900 percent return in a few weeks
 
watchlist Created with Sketch. Add ZIP (ASX) to my watchlist
(20min delay)
Last
$1.60
Change
0.028(1.75%)
Mkt cap ! $1.811B
Open High Low Value Volume
$1.60 $1.62 $1.57 $8.726M 5.453M

Buyers (Bids)

No. Vol. Price($)
10 15231 $1.60
 

Sellers (Offers)

Price($) Vol. No.
$1.61 146439 24
View Market Depth
Last trade - 11.04am 16/07/2024 (20 minute delay) ?
ZIP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.