I'm very confident, while Zip does not follow APT to the upside you can be almost certain all BNPL stocks will follow APT to downside
APT is a momentum play and that momentum is relentless.
Only three things can derail thar.
1. APT figures indicating dramatic slowing in growth.
2. A general market crash.( The canary in the mineshaft could well be Hang Seng coming up against downtrend resistance about 10800 area )
3. Notification that Tencent have liquidated their holdings as I believe their average purchase price was $22 and with the various delisting of Chinese stocks on US exchanges and retaliation threatened by CCP it may well evelove that Tencent is ordered to repatriate funds to the CCP.
I'm very confident, while Zip does not follow APT to the upside...
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Last
$2.12 |
Change
-0.040(1.85%) |
Mkt cap ! $2.751B | |||
| Open | High | Low | Value | Volume |
| $2.16 | $2.24 | $2.11 | $35.66M | 16.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 99234 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.13 | 20300 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |