ZIP OpportunityThis 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 profit of around 100% or so again.
Moving my stop loss to at least breakeven if there is a nice push up as I wouldn't be surprised if the red downtrend channel is respected given all the attention on crypto and selling off in tech stocks.
Don't be surprised if $4 is likely because at this stage both $24 and $4 are just as likely. That's why we trade our analysis and constantly assess our position for how healthy it is.
Fundamentals still look good with increase in growth and revenue still on the horizon with recent expansions.
Let's see where this one go's!
And as always do your own research if you want to sleep easy at night.
