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Z1P take profit!

Short
ASX:ZIP   ZIP CO LIMITED.
In my humble opinion we have entered a parabolic section on Z1P . looking at exiting at $1.535 for a few reason with a pull back to the 61.8% level!

Bump run on the longer term and on the intraday right now which is giving us a good exit signal, including MASSIVE BEAR DIV . on the RSI

All of these signals make it to tantalizing to pass up!

looking at an take profit exit and then a swing down entry for 1 last long!


Stay Vigilant

Good luck & happy trading homies!

DYOR!
Comment:
BIG BEAR ENGULFING CANDLE came in yesterday, it doesn't look good!

saving grace may be the small volume that came with it. This shows (in my opinion) there isn't bearish conviction yet. may have a push back and suckers rally but it is more likely to tank down from here!

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