Zip Terminal downtrend

Australia the one time frenzy centre of BNPL has more than 13 companies listed in the sector. Once market darlings but without exception loss-making were driven by sentiment to un realistic highs.

Now they all appear to be in terminal downtrend with very muted counter trend rallies.

Zip being a case in point is unable to break out of its downtrend and targets $1 or below.
Chart PatternsTrend Analysis

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