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 
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
ALL IMO follow trend, chart, moneyflow (which is exiting out) etc etc GLTAHz!
