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ZIP at the end of a wedge. Which way will it go??????
ZIP CO LIMITED..
Short
ZIP at the end of a wedge. Which way will it go??????
By katabelle13
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Updated
Nov 20, 2020
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Nov 18, 2020
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 it to go down to $3.90.
It's anyone's guess but if you hold this stock I highly recommend having a tight stop loss on this one, and buy back in when it reaches it's bottom.
Nov 20, 2020
Comment
Price has broken out to the upside but not a big bar. Will wait and see. No need to panic just yet.
Chart Patterns
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Trend Analysis
Z1P
ZIP
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