I'm out today at 4.20 as I am moving funds into cash in anticipation that the coronavirus will get worse before it gets better and that means a big affect on Chinese economy which will affect the Aussie economy big time. US markets have some protection from the Chinese economy as they are not as heavily reliant on trade with China, so may continue their upward spiral , but we can't say the same about our markets .
The affects on Z1P could be a decrease in Australian and NZ consumer confidence as the economy hits headwinds.Will be surprised if we avoid a technical recession moving forward.
If I see a pull back to a level that prices in the above then I may buy back in, but at this stage I think it will need to be south of $3.50.
Christopher
Next stop $5, page-98
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Last
$2.72 |
Change
0.020(0.74%) |
Mkt cap ! $3.557B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.74 | $2.61 | $24.14M | 8.989M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14000 | $2.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 80225 | 7 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |