The way that SPY is gapping down into $576 Gap Fill, I wouldn't discount a large gap down tomorrow on ZIP if we can see if open below $2.87, or below $2.80 that could send the stock sooner into Panic mode. Shorts and other sellers will gain more confidence the noisier Bulls get, in what is a trend change to the downside.
This is when we can start adding heavy to our positions with conviction into lower highs and price spikes, as well as hitting bids into supports as they make their way to lower and lower targets. Just let the bears stay quiet, and enjoy the bulls as they say what they can to prevent panic, paint things with a biased brush to try and bandaid the bleeding. Happy Days ! can't put lipstick on this piggy anymore as it looks more and more bearish (folks don't understand trend changes) thankfully @Tradinator we think with that contrarian traders cap! All the best man! Let's collaborate on Future projects together
ZIP Price at posting:
$2.94 Sentiment: Sell Disclosure: Not Held
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can't put lipstick on this piggy anymore as it looks more and more bearish (folks don't understand trend changes) thankfully @Tradinator we think with that contrarian traders cap! All the best man! Let's collaborate on Future projects together
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