Update** Z1P has broken out of the descending triangle from its head & shoulders correction pattern. Z1P currently is on its new trajectory making higher highs. Good sign for long term hold until targets are met. Slow and steady wins the race- Revenue announcements/US stimulus might propel this stock onwards and upwards. For long to mid term analysis, please...
Zip seems to be fading. Broke out of the wedge to the upside but no follow through. Now holding on by it's teeth to $5.11. If it looses support at the recent lows of $5.03 then it's all the way down to $3.56 where it found previous support/resistance and to close a large gap. For those who hold this stock, lets hope the Christmas rally brings this stock more cheer...
Z1P displaying SHS formation. Looks like neckline has already been pierced by 3% confirming a breakout. My opinion is we should see a drop to the $4.50 area. I am new to TA so please go easy on me :)
Bearish trend confirmation indications: 1. Formed Head & Shoulders and breaking the neck line 2. From last 6 weeks consolidating below the neck line, which make a zone of 6.75 - 4.75 which is a "NO TRADE ZONE" for us, we let Bulls & Bears decide. 3. Closing below the high volume price range that is $6.06 4. Next major support is at 4.65 range, which can be a good...
Z1P has been caught in a wedge pattern for the last few weeks. It's share price gapped up and after hitting All Time Highs, it's now settled down to sub $6. The next few days will be a tell tale sign as to the direction of this stock - UP or DOWN???? The Rob Booker ADX Breakout strategy has this one as a Sell on the Daily chart - which means it's predicting...
- Our first Video IDEA on Tradingview! - My thought process outlined in the video, let us know YOUR thoughts!
The charts dont lie. ASX:Z1P is drawing one hell of chart pattern if it is confirmed, ASX:Z1P bulls may have hard time. This pattern is none other than H&S . From ZIP has been hovering above 6$ for a while but apparently things start taking another dimension. It is not only hanging on a thread but also looks like it is waving bye bye to the extension we saw above...
ASX:Z1P Zip has formed a head and shoulder pattern, and has broken through it's short term upwards trend channel. From here, looking for the price to retrace to resistance at around the 5.54 mark. After a good test at this level, this area will be good for a long entry. Let's see how it plays out. Welcome your comments, thanks.
Afternoon All After updating our previous chart on Z1P this is what we’re looking at right now: - We’re currently at this key level of liquidity, we we’re seeing a lot of sell pressure mounting around that $8 level. - This lines up PERFECTLY with our 50 Fibonacci level & somewhat completes the right shoulder of this huge formation - If we’re to see this play out...
- A move the next Demand Zone is on the cards, most of the indicators are pointing in this direction - Notably our home grown Indicator Steamroller - After this a move to the 50 Fibs - Which lines up with liquidity on the left as shown by the white line - This would complete a H&S scenario and could see us close the GAP and move to around that lower Demand Zone.
Hello Fellow Trader! Z1P has been well supported at $6.30 for the past week, even during that short term sell off after Presidential debate, buyers came back through holding price within this range. Many signals on the daily and 1 hour are now suggesting further support to the upside, and a recovering Nasdaq’s 8% rise since the 24th of September suggests the...
- Updating the trade Idea - Looking for that next shoulder to form, a push back up to that liquidity area formed along that white line resistance - Currently sitting on the Demand Zone formed on the 29th of June.
Pay later providers are way too expensive however Quickfee Limited seems like the same thing for lawyers and law firms. Potential trend break up.
Buyers beware! We have strong reasons for a significant plunge on Z1P. After doing an impressive 5x in 2019, it looks like the party may come to an end for the bulls. Reasons for the trade: Potential Head and shoulders forming VPVR - Above value. POC @ $1.10 VPVR - Could drive a truck through that 69% gap in volume Money moves towards liquidity....
I will be buying into Zip Pay as the stages of a Wyckoff accumulation have occurred.
Zip Pay to close above or below the 200 moving average tomorrow? Currently, the MACD, RSI and DMI, moving averages doesn't look good for Zip Pay. Therefore, more likely to go lower using technical analysis.
Ill be watching closely how Z1P reacts tomorrow. It is sitting on support and also at the bottom of the Linear Regression on the daily. On the 4hrly it is sitting on the 200MA. If Linear Regression breaks on daily and 200MA on 4hrly we have broken trend and will go down much lower. If we have a nice bounce we should continue the upward trend.