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katabelle13
18 nov 2020 00:37
ZIP at the end of a wedge. Which way will it go??????
Kort
ASX:ZIP
1D
ZIP CO LIMITED..
ASX
Beskrivning
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18 nov 2020 00:37
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.
Kommentera
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20 nov 2020 02:40
Price has broken out to the upside but not a big bar. Will wait and see. No need to panic just yet.
Trend Analysis
Technical Indicators
Chart Patterns
ZIP
Z1P
Kommentarer
AsimMirzaTrader
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26 nov 2020 22:27
Yes, you are right. we are also anticipating same. Yesterday's (26th Nov 2020) 3.58% up closing is still not a strong confirmation for trend reversal. we will see how it develops.
Mer