I have done a very detailed analysis on Z1P for price targets for 2021.
I have done approximate measured moves from bottoms to tops for the last 3 cycles of big swings from 2018. They average about 5X returns over the course from bottom to top. Covid from bottom to top is 7X ( this is an exception) so I wont be taking this fully into consideration. I have applied the Eliot wave theory on bull runs (12345) and ABC corrective waves on the corrections. Head and Shoulders pattern has been confirmed which is a bearish move that usually breaks to the downside. ( this is happening now on the C wave correction. This is in the process of completing landing on support levels)
For those who are holding or currently underwater, the best moves to avoid a loss would be doubling down on Buy zone A and B. Dollar cost averaging down the C wave correction to support levels.
We are currently in the final C wave correction now which I think will bring us closer to the $4.50-4ish mark before the next bull run of a new (12345) wave- I have done measured moves from past history performance with a fib extension. Target 1 $12 -SELL profits-33% Target 2 $18- SELL profits- 33% Target 3 $24 – SELL profits-33%
After these targets another corrective wave cycle will happen (ABC)
This is what I believe the long term outlook of Z1P will have instore for 2021. I do not know the timelines of how quick these moves will happen. My charts are saying between Q2/Q3 2021.
*This is my own personal opinions and not financial advise.
Please look review the page and let me know what you think.
Love your chart & detailed analysis (I'm terrible cos still learning).
Don't suppose you could or would mind posting an updated analysis of Z1P price target for 2021...
Please....thanks
The chart still stands in these measured views. I have just measured the % range of ROI in the past from bottoms to top and projected this into the future.
All the macro moves are made up of these ABC waves, Minor and Major.
All in all Z1P along with other BNPL companies have solid growth fundamentals and they are disrupting the credit card sector and stealing bank share.
The best way to play these stocks are to accumulate in the sell offs when you can and hold them long term.
Day trading these stocks will catch you out sooner or later because of how much derivative nature are on these stocks. When Z1P moves, it moves for the higher or the lower.
Cheers,
TweeLe
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@AXLRODD, Thanks so much for replying and providing your insights. Really appreciated.
rutt
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Nice analysis. Counter trend line was finally broken on Friday as a result we should be off to the races.
Don't suppose you could or would mind posting an updated analysis of Z1P price target for 2021...
Please....thanks