Text me if you have any questions/comments for me.
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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
Thanks! So you are a newcomer to the Z1P trap :) You might like my comments on Twitter @TarandmeQueen83. I posted a chart Dec 2020 and although some price action has occurred since, we are back at these levels again, and a measured move is in place. There's been little follow through to take it back to once lofty heights.
advanceinvestments
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@moneygene thanks a lot mate, will definately look at your earlier analysis as well.. Will it be possible foe you to suggest books that I can use to learn technical analysis? Thanks a lot in anticipation..
moneygene
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@advanceinvestments, hi there.. rather than buy a bunch of books, I would suggest looking at a few online sites first. Try babypips.com and any work by Thomas Bulkowski on thepatternsite.com Bulkowski is more advanced but technically extremely accurate, & may be for later in your education, but in terms of knowledge, it is all there. You can also possibly borrow at least one of his books from a library. Stan Weinstein How to Profit in Bull & Bear Markets also excellent, & was my first book back in 1997. I learnt so much from this book & still look at it today. Try to stay away from high risk trades initially, and learn how to limit your losses / manage your psychology with any work by Van Tharpe, again some online free info available. It's a journey which will teach you much about yourself. Good luck.
Thanks a lot for the analysis. I am getting started on technical analysis and learning at the moment. I would really appreciate if you can point me in the right direction with some books you have found useful for technical analysis? Thanks a lot in anticipation.🙏
Jerm88
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@advanceinvestments, heys, I dunno of any good ones. I mostly learnt during my time as a short-term trader