god forbid this won’t happen to Chn. Zip has accumulated around $6 level for over an year, four to times in a year it moved towards $9 then sold off. The death cross (MA 50 cross MA 200) appears at $7.4. Many brokers have $10 to $15 target price on zip. One take away from zip trading pattern is to put a stoploss. Few people took a hit at $5 and got away with it.
CHN however is fundamentally strong stock but you never know when market doesn’t want to buy, market doesn’t buy. Sentiment is pretty much evident from techs.
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god forbid this won’t happen to Chn. Zip has accumulated around...
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