- NYSE: NYSE:ZIP
- Hot sector --> Employees are wanted everywhere
- Labor Demand in US is high
- TAM is good
- SMA10 and SMA20 coming together
- Fundamentals are good
- EPS are ok
- ZIP has "rule of 40" according to SaaS business
Disclaimer and Info:
- No guarantee for the correctness of information or calculations
- No advice or investment advice
Z1P has been on a free fall since Oct 2020
Big News : Z1P and SZL merger though the "Placement Price" is $1.90 , will Z1P be able to use this as Strong Support ?
Rumor : Goldman Sachs the most likely candidate for a take over , will this happen?
ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next...
This is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc.
I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target...
Zip started its short term trend reversal and appears to be bullish again.
This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit.
Another profit taking will happen at the previous all-time high value so better to sell at that point.
Technicals - Bullish falling wedge + Z1P has retraced to the 0.618 level from the February bullish run.
Looks a high probabilty trade to get in on the counter trendline break of the falling wedge. Bullish candle entry.
As you can see, Zip Co have recently started gaining momentum upwards, after trading and consolidating at SPP range for a few weeks. this has been significant as it started show signs of strength that is maintained, and can continue to the rest of the year. Fundamentals are looking strong, and Technical analysis are certainly backing it up. at this current rate, I...
Based on long term trend and continued increase in Profits a good potential long opportunity is building. Strong support area's converging along a potential 61.8% Fib retracement from COVID low areas.
Best buy in price could be around $4.80-$4.90 with a stop loss around the $4.50 mark and first Take Profit (Trading not Long Term) around the $10 area.
ASX:Z1P seems to bounce back but is the savior clement enough to let it shine once again or is it a bull trap before a plunge deep down in the bears dale? Lets deep dive and analyze.
If you remember my last post on ASX:Z1P I mentioned that this stock was playing with fire writing a H&S or head and shoulder pattern. Eventually it got caught up in its games and it...
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...