ZIP trade ideas
Did anyone see this daily candle coming?Crazy day and volume for z1p. Definetly proving to the ASX its bullish. Shakeout under support line, followed by a break above then high volume breakout today to put it above long term trendline. Will be interesting to see how it plays out this week and next. Wouldnt enter it personally. I believe there will be a buying opportunity at $9, but thats not to say it wont consolidate here between the $9,50 and $10 mark before pushing up.
Z1P with a likely dead cat bounce.Bouncing around the support/resistance area, with volume similar to previous days of trading. I initially wanted to see the bounce and consolidate above trendline at the 15-17th march area, (with further consolidation for ideal move higher). But at the moment will need to sit on the sidelines and watch how z1p plays out next week before considering entering again. Chart is really only showing strength in the last 3 days (somewhat of a chopstick formation to form a bottom) and a move up on thursday.. MACD and RSI, for anyone that uses them are also showing better movement on the dailly.
Z1P broke below long term support, could plunge to $6Z1p's chart isnt looking healthy now, alot of daily selling pressure, with no bounce and follow through. Z1p now looks likely to test $6 area before bouncing or basing.
Z1P LongI think Whole BNPL is in selling pressure. Mainly After COMM bank entering into BNPL. Afterpay and Zip is going get competitive advantage for short term. after good level of support from fib level around $7.50 it will countinue its up trend to $12.50.
Z1P - Could provide a buying Opportunity!Z1P's current selloff may be coming to an end and provide a buying opportunity soon. I think there may be some room left to the downside and could be supported on the trendline where my Buy Zone lies at the $6.80 - $7..00 range. I will be comfortable to buy in this range after it shows solid Bullish Price Action. My target for this trade will be the old resistance range of $10.00 - $10.50.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Z1P broke downtrend, but had no follow through.Big volume in the first hour to break downtrend, followed by a sell off the rest of the day.. news in regards to CBA offering a bnpl service for account holders didnt really help z1p today, but lets see how it goes tomorrow. There was alot of buying pressure in the first hour that makes me think that $8.40 is the new bottom.. so ive brought up my stop loss to that, and will add on a break of $9.12.
This sector is quite high risk at the moment due to the volatility. Bit given's z1p massive bounce at $7.80, it just needs to base around the $8.40- $9 area for the next 2 days while buying/selling volume comes in and shows us where the share price is going.
ASX ZIPCO - Good for long investment Zipco in good Fibonacci retracement, and bottom of MACD, good time to buy for long investment.
Cheers
Alan Tang
fxanalyst.net
Z1P Buy setup updates
Z1P went to the previous scenario 3 and nearly ready to buy!
You may get the half spot right now at around 8.8 and buy another half after the possible consolidation finished.
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Z1P right on downtrend.Follow up of previous head and shoulder graph, z1p is right on downtrend... will either punch above and bounxe to $9.50, or bounce lower, higher watch alert to add on to position if breaks trend.
Head and shoulders on Z1P short term. Short term bullishSigns of a bottom in for z1p. As long as tech doesnt crash, good entry for it. Stop loss at $8. Still think it needs a consolidation period. See how it behaves this week in regards to a consolidation.
Z1P - A closer look at the Falling Wedge !What will happen in the week ahead for Z1P ? My guess is as good as yours, although I am leaning slightly to Z1P validating a counter trendline break as the money rotation slows.
The 0.618 retracement has been respected as resistance a number of times inside the falling wedge, as a result the $8.50 - $8.70 is worth watching closely. Additionally, Z1P at the longer time frame retracement (0.618) level is starting to get confluence in an oversold stoch, RSI, lower time frame MACD divergence as well which should act as strong support.
Good entry for z1p if you believe in the companyRight on support/resistance. Id want to see a week of consolidation between $8 and $9 to confirm any movement in either direction.
What am I doing with ZIP ?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.
Z1P PerspectiveI post charts for my own future-proofing to avoid confirmation bias DYOR
When looking at z1p major trends with FIB there have been 2 times when it has retracted back to .618
2018 - 1.35 down to .75c forming a cup that eventually peaked at 5.77
2019-2020 - peak of 5.77 down to 1.05 rising to a top of 14.53
www.tradingview.com
Here we stand currently...
The goal is accumulation, buy low sell high...
Bulls Play
Bears play the Bulltrap
All Ord trends
z1p has a 2 sellers to 1 buyer problem.Chart isnt looking healthy, FA definetly not healthy and buy/sell book definetly not good (4m sellers to 2m buyers). Z1p is in for a defining week next week. I see good buying levels at the $8 mark if you believe in BNPL, but for now, high risk buy option for z1p, id personally stay clear for a few weeks to see how it performs.
Same goes for all fintech stocks, unhealthy Price action for me personally in that sector.
Descending triangle consolidationThe peaks and troughs are getting narrower. This is indicating a continuation of the major trend.
Z1P BIG PICTURE 2021 #2 60$ TargetPure speculation based on historical chart patterns. and for fun only
