Is this the right time to get into Z1P?
Z1P was once a payment darling just next to ASX:APT. But ever since the spark in Aug, its stock price has been consolidating down to $5 range. On the chart, it's fairly confirmed they have strong support at $5 range, and now they are issuing a public offering with issue price under the SPP is $5.29 per share, which encourages me to take a more bullish view on them with very good risk reward ratio.
I will try to build some position @$5.7 with stop loss at $5.28, looking for a breakthru @$6.5 in 1 month, pending other catalysts to pump its price back to $7.50 range.
Note
Target achieved in 1 week...rather than 1 month
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.