A lot of shorters and instos are holding this back and/or trading the same range over and over. Two catalysts to blow away all these "traders" (instos/shorters) is for Zip to really DELIVER on Q2 later in the month and then again confirming HY CFP for the media and instos certainty in investment in a cash flow positive business.
Q2 has Black Friday sales and the huge spike in BNPL being reported by the media at the time. Probably brought in even more customers. Then we have Xmas, Boxing day sales follow up etc.
If Zip is going to move, it will be in Jan/Feb. Traders can play around like they did in the 30-40s area, but then be left behind when this rallies out of nowhere. Same thing will happen again all the way to $1+
ZIP - ASX Charts, page-127
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Last
$3.25 |
Change
-0.110(3.27%) |
Mkt cap ! $4.243B | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.35 | $3.23 | $32.31M | 9.883M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 20480 | $3.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.26 | 50584 | 3 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |