ZIP - Major price gap to be filled at 3.90
Share prices have had many attempts to hold above the $6.00 mark but failed as per the chart below and head towards 5.35, a potential support level. Share prices need to hold above 5.35 to avoid further decline. A drop below 5.35 could lead to a closer move to fill the price gap at 3.90, created around June 2020.
Major support estimates - 5.35, 4.62, 3.90
Major resistance estimates - 6.00, 6.80 , 7.26, 8.00