ZIP massacre - Can Larry Diamond & Team survive ? The Story of ZIP so far..
How far can ZIP fall ? where is the bottom ? Only time will tell..
Z1P
Z1P ! is this the bottom ? How low can it go ?Z1P has been on a free fall since Oct 2020
Big News : Z1P and SZL merger though the "Placement Price" is $1.90 , will Z1P be able to use this as Strong Support ?
Rumor : Goldman Sachs the most likely candidate for a take over , will this happen?
Z1P - Could provide a buying Opportunity!Z1P is showing signs that it has found supportt at the trendline Support coupled with High Volume. This indicates buying interest at current level of $7.00. I think that if Z1P manages to close above $7.00 which is also the POC of Volume Profile, for two more days, it could move higher towards its next Resistance level of $8.45.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P shortZ1P will go down to close gap and go to strong support
in 5.69 its combine with fibonacci and cluster
that will be hit in 5.69$, LETS WE SEE!!
Z1P - Trade PlanZ1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below:
TP - Next Resistance Level of $8.40 (potential 17% profit)
Stoploss - Below the recent Swing Low at $6.20
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P - Could provide a buying Opportunity!Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the swing low at $6.20.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P respecting the trendASX:Z1P continues to respect the trend after a long fall from its recent top. Holding this trendline could signal more growth.
Z1P - Could provide a buying Opportunity!Z1P's current selloff may be coming to an end and provide a buying opportunity soon. I think there may be some room left to the downside and could be supported on the trendline where my Buy Zone lies at the $6.80 - $7..00 range. I will be comfortable to buy in this range after it shows solid Bullish Price Action. My target for this trade will be the old resistance range of $10.00 - $10.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Quick Scalp on Z1PThis was very interesting today, first it was not on my radar this morning, once it gaps up I thought I will go for a buy, then for some reason I was trading it like a demon. I was gambling with this stock today and I was trading emotionally.
On the one minute chart my entry was all over the place, I think moving forward if it gaps up wait for a pull back once it come to the high then go for a break out trade. If the gap up but goes below the opening price let it go though then wait for a rally then go for your short and vice versa if it gaps down.
OpenPay (OPY) FY2021 TargetStarting to also gain momentum, after a number of really good reports, this particular stock has shown a healthy consolidation phase and is almost ready to rally. target is 10$ mid term but could extend up to 15$ depending on how the overall market performs. holding all significant support, looking to break resistance soon.
Zip Co (Z1P) FY 2021 Bull TargetsAs you can see, Zip Co have recently started gaining momentum upwards, after trading and consolidating at SPP range for a few weeks. this has been significant as it started show signs of strength that is maintained, and can continue to the rest of the year. Fundamentals are looking strong, and Technical analysis are certainly backing it up. at this current rate, I wouldn't be surprised if we reach the fib target at 20-25$ BY THE END OF THE YEAR. it held the golden .618 fib support and continued a strong rally towards ATH. I took a position at 5$ and very confident with the trade for the next 3-5 years. short term target however is 25$. long term target is 50$. if there are heavy shares buy back, expect a higher long term target.
Z1P - What is Next?Z1P broke out strongly last week as expected and was got rejected immediately when it reached its previous Resistance Zone of $8.30 - $8.50. Currently it is hovering between the range of $7.00 - $7.70. I think we could see a bit of consolidation before it continues going higher. I think the best level of Support is around $6.60 - $6.70, which is the Trendline (Neckline) support where it got Support a few times before as well.
We can also see the RSI currently coming down from the Overbought Zone, which may be indicating that Z1P may retrace a bit before taking off. My Initial Target now will be the main Resistance Zone of $10.00 - $10.50 Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P tests resistance✔ Facebook Partnership
✔ Ebay Partnership
✔ Harvey Norman Partnership
Holding above the 200 Daily MA Z1P prepares to break out above resistance.
Z1P recently announced a SPP (share purchase plan) @ $5.34 per share. Ending on the 13th of Jan, the SPP may lead to a sell off as the current price is 3.8% above the offer.
Long term growth remains promising
- BreadCharts
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.
$Z1PUpdate**
Z1P has broken out of the descending triangle from its head & shoulders correction pattern.
Z1P currently is on its new trajectory making higher highs. Good sign for long term hold until targets are met.
Slow and steady wins the race- Revenue announcements/US stimulus might propel this stock onwards and upwards.
For long to mid term analysis, please see my last post-
Zip could drop to below $4Zip seems to be fading. Broke out of the wedge to the upside but no follow through. Now holding on by it's teeth to $5.11. If it looses support at the recent lows of $5.03 then it's all the way down to $3.56 where it found previous support/resistance and to close a large gap. For those who hold this stock, lets hope the Christmas rally brings this stock more cheer and pushes the price up above $5.50!
Z1P looking like a SHS scenario.Z1P displaying SHS formation. Looks like neckline has already been pierced by 3% confirming a breakout. My opinion is we should see a drop to the $4.50 area. I am new to TA so please go easy on me :)
Down Trend Confirmation, Next Buying Opportunity $4.65 ZoneBearish trend confirmation indications:
1. Formed Head & Shoulders and breaking the neck line
2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide.
3. Closing below the high volume price range that is $6.06
4. Next major support is at 4.65 range, which can be a good buying opportunity.
5. After 4.65 next major support is at 3.76, which can be a significant support and Best Buy zone.
Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ZIP at the end of a wedge. Which way will it go??????Z1P has been caught in a wedge pattern for the last few weeks.
It's share price gapped up and after hitting All Time Highs, it's now settled down to sub $6.
The next few days will be a tell tale sign as to the direction of this stock - UP or DOWN????
The Rob Booker ADX Breakout strategy has this one as a Sell on the Daily chart - which means it's predicting it to go down to $3.90.
It's anyone's guess but if you hold this stock I highly recommend having a tight stop loss on this one, and buy back in when it reaches it's bottom.
