TAjames

Z1P with a likely dead cat bounce.

ASX:ZIP   ZIP CO LIMITED..
Bouncing around the support/resistance area, with volume similar to previous days of trading. I initially wanted to see the bounce and consolidate above trendline at the 15-17th march area, (with further consolidation for ideal move higher). But at the moment will need to sit on the sidelines and watch how z1p plays out next week before considering entering again. Chart is really only showing strength in the last 3 days (somewhat of a chopstick formation to form a bottom) and a move up on thursday.. MACD and RSI, for anyone that uses them are also showing better movement on the dailly.
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