Only the Charts, page-270

  1. 4,877 Posts.
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    ZIP tracking 100% to the thesis made back in 9th December for ZIP being a sell signal.

    Many are considering 7th January to be potentially new Lower Highs eek.png




    ZIP chart updates so far have been quite interesting, certainly lots of volatility both long and short, buying and holding seems to be the less profitable strategy for example ZIP sells down 6%, then bounces 5% intraday....One can make upto 11% playing intraday ranges. I learn this from my own personal position as I have seen PnL swings every day.

    Nonetheless we can see that something juicy is setting up. Ever since Larry sold, as per my thesis all it has done is increase seller pressure. As much as there are intraday shorts creating pop ups, I suspect Friday is one of those days where shortsellers pop it up for a morning spike. Albeit, short lived, trapping longs and giving shorts better risk reward.

    With all that said, it just seems like the threat of a breakdown is getting closer and closer. Considering past action at the double top when Larry Sold out, we can see prices went for a big multi day sell down.

    We are due for another one, at the breach of that $2.87 support levels. It will not hold IMO. As per previous charting, once $2.87 gets taken out best off picking any number much lower as they all have increasing probability of being seen. $2.68? Seen. $2.50 and lower? Seen. $2.50? $2.25? All will be seen IMO based on trend change if all the thesis remains intact then the probability of these lower targets are 99.99999999%

    Smart shorts have loaded into EVERY uptick within this trend change. Only longs are legit short termers such as daytraders, overnight holders, scalpers, algos and bots. The room for genuine longs is dissipating, firstly because the stock ISN'T discounted enough wink.png ALL IMO follow trend, chart, moneyflow (which is exiting out) etc etc GLTAHz!


    https://hotcopper.com.au/data/attachments/6723/6723277-6bed09065caf20c8f5b7ea0471f9a1bf.jpg

 
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(20min delay)
Last
$2.92
Change
0.150(5.42%)
Mkt cap ! $3.779B
Open High Low Value Volume
$2.86 $2.97 $2.85 $51.81M 17.79M

Buyers (Bids)

No. Vol. Price($)
7 194996 $2.91
 

Sellers (Offers)

Price($) Vol. No.
$2.92 64762 3
View Market Depth
Last trade - 16.13pm 24/06/2025 (20 minute delay) ?
ZIP (ASX) Chart
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