Is the ZIP DIP OVER? Is it a suitable time to Buy?Is the Base solid enough to drive the price to 3 OR will it require a manipulation below the base to test key support "2"?
THIS IS ONLY AN IDEA AND COULD BE RIGHT...
For the Fundamental lovers:
Also keep in mind:
Dow Jones Newswires:
"Zip Price Target Raised 5.9% to A$3.60/Share by Ord Minnett"
ZIP trade ideas
ZIP.AU Up +-200% From Lows.At the Pandemic Levels ZIP was a $12 Stock.
Should they continue to perform, this will offer a 1800% upside for those dedicated Investors with a long term View.
Recent price action seems to confirm the Trend. Dedication will be required and is a +5 year Study.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Finer Market Points: ASX Top 10 Momentum Stocks: 31 Mar 2024NYSE:FND ASX:ZIP ASX:SLC GETTEX:RAC NYSE:MMI TSX:TSK GETTEX:AXE BSE:VMS AMEX:TTT AMEX:ASM
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Findi Limited (FND)
ZIP Co Limited. (ZIP)
Superloop Limited (SLC)
Race Oncology Ltd (RAC)
Metro Mining Limited (MMI)
Task Group Holdings Limited (TSK)
Archer Materials Limited (AXE)
Venture Minerals Limited (VMS)
Titomic Limited (TTT)
Australian Strategic Materials Limited (ASM)
ZIP- Ready for correctionThe stock is overvalued now. The next leg for this stock is to go for correction creating a wave (A). The pattern has completed regarding the completion of a leading diagonal for the impulse wave (1).
This is just the analysis and the probabilities. wave count might be wrong. DYOR. Any feedback would be much appreciate. 😁😀
Finer Market Points: ASX Top 10 Momentum Stocks: 24 Jan 2024ASX:FFG BSE:AKM ASX:ZIP FWB:CXU NASDAQ:PAA EURONEXT:ERA NYSE:BIO NASDAQ:CZR ASX:OJC CSE:AGN
Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list.
The Launch Pad List is published weekly on Fridays.
Today's ASX's Top 10 Quarterly Momentum Stocks are:
Fatfish Group Limited (FFG)
Aspire Mining Limited (AKM)
ZIP Co Limited (ZIP)
Cauldron Energy Limited (CXU)
Pharmaust Limited (PAA)
Energy Resources of Australia Limited (ERA)
Biome Australia Limited (BIO)
CZR Resources Ltd (CZR)
The Original Juice Co. Ltd (OJC)
Argenica Therapeutics Limited (AGN)
RiskMastery's Breakout Stocks - ZIP EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at ASX:ZIP ...
I believe this code is at a point of potential volatility.
If price can hold above $0.635 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.785 (Conservative)
- $0.955 (Medium)
- $1.275 (Aggressive)
If however price falls below $2.70 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ZIP BNPL - Cup and Handle forming (Daily)An outer larger cup identified, overlapping my previous cup formation I published
• 32-week cup length with handle pattern forming (to be confirmed)
• 60% deep cup from prior high (in extreme circumstances it can go to 2/3 )
• handle length satisfactory. Proper depth reached already, looking for breakout
• estimated target +40.5 from handle breakout (base 25.5 to right top of cup 66.0)
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
ZIP BNPL - Ending Diagonal Forecast
Bullish sentiment is prevailing in an upward market trend, aligning with the seasonal pattern for fintech companies.
This forecast is tentative and inherently unpredictable.
Impulsive motive wave. Rely on RSI indicator on final wave.
Combined with Wave Trend oscillator.
(My chart may include the last Cypher pattern)
On a Christmas break now, please follow if you appreciate my charting style and see you next year. Thank you.
I am not a financial advisor, and the chart analysis, including any mention of an Elliot wave Ending Diagonal pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
ZIP BNPL - cup and handle forming
12-week cup with handle pattern forming (to be confirmed)
37% deep cup from prior high
15% handle length (reaching proper depth already)
estimated target +16.5 from handle breakout (base 25.5 to right top of cup 42.0)
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
Cypher patternX is the pattern low, and C is the high.
Analyzing typical bullish Cypher pattern reveals:
XA leg starts at point X and ascends.
AB leg retraces XA, typically falling between 38.2% and 61.8%.
BC leg surpasses point A, concluding between 127.2% and 141.4% of XA .
CD leg descends, ending near the 78.6% retracement of X to C .
Once the price hits 78.6% at point D, the bullish Cypher pattern completes
I am not a financial advisor, and the chart analysis, including any mention of a cup and handle pattern, is for educational and informational purposes only; individuals should conduct their own research or consult a qualified financial professional before making any investment decisions.
ASX buy-now-pay-later stocks enter regulatory spotlight From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which the sector is expanding.
It wasn't until 2015 that BNPL caught attention following the launch of Afterpay in Australia. At the height of the pandemic, the sector took off, with as many as 8.5 million customers shared between the three largest platforms — Afterpay, Zip (ASX: ZIP) and Humm (ASX: HUM), according to Savings.com.
Customer spending is also growing with A$11.9 billion recorded from Australian customers in the 2021-2022 financial year from A$5.6 billion three years earlier, according to ABC. Globally, spending is expected to further increase, with generous projections between US$650 billion and US$1 trillion by 2025, AJOT reported.
The players and coalitions
Currently, there are 19 BNPL providers in Australia that are catering to millions of customers. The largest in terms of market capitalization are Block (ASX: SQ2), Zip, Humm, Splitit (ASX: SPT), and Sezzle (ASX: SZL).
Block, formerly Square, entered Australia through its record $39 billion acquisition in 2021 of Afterpay. Now, the companies have a combined market capitalization of $59.36 billion, so much more than Afterpay's $100 million valuation when it listed on the Australian Securities Exchange in May 2016.
The company benefitted heavily from a niche it found during the pandemic. It saw its shares skyrocket, as did most of its peers. But as supply chain issues, inflation fears and worries about rising interest rates became more prevalent, confidence in BNPL companies dwindled and have their stock prices. From the chart below, we see that several of Australia's largest BNPL stocks all have fallen ~90% from their respective peaks.
From relative obscurity, buy-now-pay-later (BNPL) services have become instant superstars. As consumer preference shifts from credit cards to interest-free instalments, the market for BNPL providers also grows, attracting regulations that may curb their capabilities and the fast rate at which the sector is expanding.
It wasn't until 2015 that BNPL caught attention following the launch of Afterpay in Australia. At the height of the pandemic, the sector took off, with as many as 8.5 million customers shared between the three largest platforms — Afterpay, Zip (ASX: ZIP) and Humm (ASX: HUM), according to Savings.com.
Customer spending is also growing with A$11.9 billion recorded from Australian customers in the 2021-2022 financial year from A$5.6 billion three years earlier, according to ABC. Globally, spending is expected to further increase, with generous projections between US$650 billion and US$1 trillion by 2025, AJOT reported.
The players and coalitions
Currently, there are 19 BNPL providers in Australia that are catering to millions of customers. The largest in terms of market capitalization are Block (ASX: SQ2), Zip, Humm, Splitit (ASX: SPT), and Sezzle (ASX: SZL).
Block, formerly Square, entered Australia through its record $39 billion acquisition in 2021 of Afterpay. Now, the companies have a combined market capitalization of $59.36 billion, so much more than Afterpay's $100 million valuation when it listed on the Australian Securities Exchange in May 2016.
The company benefitted heavily from a niche it found during the pandemic. It saw its shares skyrocket, as did most of its peers. But as supply chain issues, inflation fears and worries about rising interest rates became more prevalent, confidence in BNPL companies dwindled and have their stock prices. From the chart below, we see that several of Australia's largest BNPL stocks all have fallen ~90% from their respective peaks.
Is ZIP going to recover from this sell-off?
ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next level; it is based on my automated system, predicting future critical levels.
Zip Terminal downtrendAustralia 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.