Looking at the broader picture ZIP retraced a Fibonacci 38.2% of its initial falls in a clearly corrective 3 wave move against the prevailing impulsive downtrend in an all embracing risk-on market environment.
ZIp business model along with all other BNPL models makes absolutely no sense turning over huge volumes of money to generate miniscule profit margins in the face of regulatory and credit risks.
It appears Zip has started its 3rd wave impulsive down move and broken below all key moving averages and will return to 26 cents or less ( probably zero) in a risk off environment.
ZIp business model along with all other BNPL models makes absolutely no sense turning over huge volumes of money to generate miniscule profit margins in the face of regulatory and credit risks.
It appears Zip has started its 3rd wave impulsive down move and broken below all key moving averages and will return to 26 cents or less ( probably zero) in a risk off environment.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.