Z1P @ 28 OCT 2021 Text me if you have any questions/comments for me.
-----
Z1P
- First time doing a written analysis on Z1P
- During the video analysis on 30 Sep (red arrow), I suggested waiting for a successful breakout of the counter-trendline (purple dash line) before plotting entry
- Since then, the stock hasn’t broken through the resistance while continuing to test the strong support at 6.50 levels (orange line)
- Short- and mid-term averages are not in bullish sequence
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout before plotting entry
ZIP trade ideas
Z1p going high in a few weeks weekly chart zoneit's very clear that zip is going high and getting out if its consolidation price soon confirming with MACD getting close and crossing.
this also conforms to monthly chart as well which is very strong.
i reckon soon (maybe less than three months) zip will go high and higher than before.
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.
Higher highs, higher lows into a cup and handle?Longer-term outlook on z1p trends
Lows, highs and higher highs and higher lows.
Are we at consolidation for a rise to form a cup?
FOMO is real, many individuals who experienced the high prices of the last zip push have been watching and waiting for price consolidation and a desire to either, cut and run with loss, to buy their way down.
Retail investors chasing APT price desires have watched the BNPL price fall and then begin to return. As such I don't feel the market is ready for a higher high just yet. People will let their money run down and lose profits however after doing so are scared to watch profits run and will sell on any sign of an up push. This is the mentality that forms a cup and handles. I bought and missed outsell just before last ATH and I've broken even, price pushes down however as the market begins to move back up past the previous ATH the real FOMO sets in, I'm going to miss it, buy back in. As such the retail investor goes all-in again driving prices to all-time highs.
Z1P Fractal- Will History Repeat? I took this Fractal from Z1P's previous trading history and it has a very similar pattern that happens over and over again.
If this plays out to approximately around September, there could be a 250% move in the coming months if your average is around the $6-$7 level.
Z1P is the most heavily traded stock on the ASX and currently is falling due to the recent news of Apple pay & Paypal.
This would increase the shorts in Z1P temporarily but when prices become low enough to create demand, this could set up for a perfect short squeeze along with the coming announcements.
Nasdaq looks like it still has a bit more juice in the tank to move forward in the coming months as well.
Let's see if this plays out.
Manage your risk accordingly
$Z1P Fractal- Will History Repeat?I took this Fractal from Z1P's previous trading history and it has a very similar pattern that happens over and over again.
If this plays out to approximately around September, there could be a 250% move in the coming months if your average is around the $6-$7 level.
Z1P is the most heavily traded stock on the ASX and currently is falling due to the recent news of Apple pay & Paypal.
This would increase the shorts in Z1P temporarily but when prices become low enough to create demand, this could set up for a perfect short squeeze along with the coming announcements.
Nasdaq looks like it still has a bit more juice in the tank to move forward in the coming months as well.
Let's see if this plays out.
Manage your risk accordingly
ASX.Z1P high vol breakout confirm 1-2-3 reversal1. the two fib retracement from pre-ATH and current ATH were all 0.618
2. current ATH is Fib Ext at 1 from pre-Fib Retrace
3. so, assuming next ATH will also be Fib Ext 1 from current Fib Retrace 0.618, then it will 19.8
4. classic 1-2-3 reversal from bottom was confirmed with a high vol breakout over neck line.
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 Touch Down before Take off?Levels to watch for Z1P :
Current consolidation area inside the highlighted box (7.40 - 6.70).
Recent bounce from 6.30 to 7.8 spike just below the 50% level from march '20 Low.
It is unlikely looking at the chart and the price action that it will make higher moves anytime now.
Looks short term Bearish.
Possibly will touch 5.77- 6.00 area first before it makes any substantial leg up. Looking for buying opportunity there.
Disclaimer: Not a financial advice.
ZIP OpportunityThis is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc.
I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target profit of around 100% or so again.
Moving my stop loss to at least breakeven if there is a nice push up as I wouldn't be surprised if the red downtrend channel is respected given all the attention on crypto and selling off in tech stocks.
Don't be surprised if $4 is likely because at this stage both $24 and $4 are just as likely. That's why we trade our analysis and constantly assess our position for how healthy it is.
Fundamentals still look good with increase in growth and revenue still on the horizon with recent expansions.
Let's see where this one go's!
And as always do your own research if you want to sleep easy at night.
Z1P tight on the dailyWhichever way z1p breaks out here it will stay in the trend for a few weeks. Watching very closely as i feel like it will go down to fill the gap before bouncing and move through the channel until late July. Currently sitting below 200MA on daily which isnt healthy. One to watch for break though.
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 needs buyers to step up to break 200 day MA again.Chart doesnt show any direction yet, but this week we will see whether z1p is a growth stock, or a retail issue. Needs to break the 200 day MA and stay above. I dont believe it will break again and we will likely see a buying opportunity around the $6 mark with as low as $5.50.
Z1p's a competitve company to APT but needs to start putting up stronger growth figures. One to watch for a short term short trade if 200 day MA isnt broken this week or next.
Zip is in redhot form now, but wait for confirmationZip started its short term trend reversal and appears to be bullish again.
This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit.
Another profit taking will happen at the previous all-time high value so better to sell at that point.