Hi
@Cheeky-Charm, thanks for your response and hope you've had a good Xmas/holiday period!
Out of curiousity, which of my points do you consider speculative?
Regarding point 2, I acknowledge that you do mention the companies have had a good run up - I guess my gripe was with the term "collapse". You ended the post saying a short selling firm caused a 22% collapse, but I think the wording implies huge losses, tragedy incoming etc - when in reality the company is up 1300% in the past 12 months even after that "collapse". And ignores that the shares have gone up a bit since that article came out as well.
I guess I also don't put any value on chart reading, and don't understand any of the chart technical aspects you're discussing - I'm far more focused on what the actual company reports say. Out of curiousity, based on the financial reports alone (e.g. 1Q25) what are your thoughts regarding the company's future?
Regarding the chart, you mention it's going to be the first red month since April 2024 - and the price now is a lot higher than in April. You mention the key difference is last time the prices were in an uptrend, but I don't see how you can say that April was an uptrend but currently we are in a downtrend? Have a look at the Zip chart over the past 12 months, 6 months, 3 months etc. It's all trending up.
And prices don't just go up in a straight line, there will be ups and downs. For example, from 27th March to 19th April the price dropped from $1.50 to $1.09. In mid July it dropped from $1.82 to $1.58. In early August it dropped from $2.01 to $1.68. In early September it dropped from $2.40 to $2.11. In late September/early October it dropped from $2.80 to $2.55. In mid October it dropped from $3.00 to $2.69.
Yes in early December it has dropped from $3.50ish to $3.00ish - but as you can see these types of drops regularly happen, but the company's share price continues upward setting new highs. And if basically only dropped from 4th December til 13th December. A period of 8 bad days doesn't suddenly mean the company is in a downtrend - particuarly when it seems clear that the overall market was dropping during that period as well. Check the ASX or Dow Jones for example during that period and you can see the decline between 4th December and 13th December. So unless you are also trying to claim the ASX and Dow Jon $es are in a downtrend then I don't think you can say Zip is in a downtrend either.
Even if the share price happens to drop to $2.75 or something, I have no doubt that in 6 months the share price will be higher than $3.50 (excluding huge unknown events occuring like another war etc).
particularly displaying the swings in prices from the lows back to the highs
Considering a decent trendline has already been broken in early December, the current trendline off the lows is in the dangerzone of a breach once again
(20min delay)