ZIP 0.43% $1.16 zip co limited..

Possible target price of $15-20, page-2904

  1. 6,163 Posts.
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    All good @Armyne

    Happy to give my opinion fwiw if asked and have time.

    Not really looked at the BNPL sector much but obviously has been heating up for a while now. Given Covid and lock downs and home delivery necessities most likely added to the uptakes and interest this year in particular, maybe getting a little overcooked given wider macro events that may possibly have a negative impact in time with unemployment etc. Could be a lag on those effects but yes, looking at it now on a longer horizon thanks,

    @freshtesh

    The doji can indicate indecision in the market as bulls / bears tussle. Price gets pushed down / up and finishes pretty much equal to opening. Like to see 2 or 3 or so doji to show strength of indecision (not just one of)f and then break to upside.

    The loose pattern I was looking at was a cup & handle. Generally formed in an uptrend as a continuation pattern.

    High vol left side supporting rise then pull back to consolidation before another push up on vol & another pullback for the handle.

    Like to see the right & left highs reasonably equal (but don't have to be) and the consol area more stretched / curved rather than too "V" shaped (but again can occur) and the handle needs have the bars sit within the 2 trend lines and not drop too deep before breaking back up through the handle & then the neckline (top of cup level) hence why a "loose" C&H.

    Hope that helps.
 
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