Z1P - A Nice Pattern Forming- Updating the trade Idea
- Looking for that next shoulder to form, a push back up to that liquidity area formed along that white line resistance
- Currently sitting on the Demand Zone formed on the 29th of June.
ZIP trade ideas
ZIP major support and resistance in H1ZIP major support and resistance in H1
ZIP prices fell today and bounced at the bottom of the H1 price channel at around 6.53 and managed to head back up to 7.26 resistance level.
Share prices need to remain within the price channel to continue the current longterm uptrend.
Major support at 6.53 and 6.08 and resistance at 7.26 and 8.00
ZIP - Major support and resistance level M15 time frameZIP - Major support and resistance level M15 time frame
Support at 8.84, 8.34, 8.00, and 7.55
Resistance at 9.16, 9.65, and 10.46
Z1P looking strong with good newsZ1P is up strong after the announcement of Z1P business and a deal with eBay ($EBAY). www.afr.com
ZIP correlation play.Short ZIP if APT shows bearish signals, Double top rejection on the daily. invalidation if we get a weekly close above double top.
Zip Co Pre/Post Announcement Analysis (practise)With no qualifications to do this I had a quick look at the last two Zip Co announcements - specifically the 10-11 trading days before and the 5-6 days after. Then replicated a similar scenario for the upcoming EGM and FY20 Annual results. Here is what it looks like.
Please don't jump on me; I am merely a beginner when it comes to TA. Having a go and trying to contribute value to this forum. Keen to know what you think of it.
I know the context of the upcoming announcement is very very very different to the last two and so happy to provoke conversation about how exactly it will be different
ZIP share prices fall to around its previous lowsZIP share prices fall to around its previous lows
ZIP share prices dropped 3.53% down to around 5.66, which is a significant point aline with its previous lows at the time of writing. Share prices could bounce back and retest resistance at 5.836 if it remains above 5.66. Share prices could also continue down to its next critical support level at 5.376 if it fails at 5.66
Sitting right on the Daily SupportCritical time right now for Z1P after it's gone down 20% the last two days.
Another bad day tomorrow could see it drop to ~$5.00 although hopefully we see a nice bounce back before a consolidating period.
new resistance point created from the jump this morning. ASX:Z1P
new resistance point created from the jump this morning.
ZIP drops more than 4% in the first hour of tradesZIP drops more than 4% in the first hour of trades.
Share prices fell close to the critical support level at 7.16 but managed to bounce back. It will need to hold above 7.16 to head back up.
The next level of support is at 6.83 and 6.62
ZIP is knocking on 6.10 resistance for the second timeZIP is knocking on 6.10 resistance for the second time
Major support is at 5.88 and 5.75
Major resistance is at 6.23 and 6.46
Z1P $7 LIKELY...(ASX:Z1P) Zip Co Limited offers point-of-sale credit and payment solutions to customers and providing a variety of integrated Retail Finance solutions to merchants across numerous industries, both online and in-store.
x2 Scenarios 1 Long, 1 Short
1.) Bull Flag/Broken Descending Channel Aim for $6.80
- Broken Descending Channel
- Bounce off .382 Fib Retracement
- MACD Cross & Spread 4HR
- RSI Neutral (Trending Up)
- Bullish Market Structure Created
- Long Term Uptrend respected
- 2.7:1 Risk Reward
2.) 'Potential Descending Triangle', Break Support, Fill the GAP
- Head & Shoulders Completes creating change in Market Structure (LINE Bar Style)
- OPEN GAP between $3.75 - $4.75
- Looking for a bounce once OPEN GAP fills
I am interested to see what happens to Price once EOFY Reports start to surface.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
fresh 1/7 new financial year!! Positive rebound!ASX:Z1P
fresh 1/7 new financial year!! Positive rebound after Zip has purchased QuayPay since June.
Looks very positive
Z1P : 20% BREAK INCOMING! ZIP CO LIMITED (ASX:Z1P) has bounced back significantly well after the market dump in FEB/MAR, as have all lending services due to the job losses/ government surpluses around the world.
When the market reopens on monday I can see a couple of things happening.
1: WE crack this 'strong equilibrium' as price action continues up the trendline and get squeezed into the corner, 20% TARGET
- Respecting Uptrend
- Buyer Volume Present
-Covid19 crisis still taking a toll on the economy (People still borrowing)
If we do break the equilibrium my next target would be the 4.14 Equilibrium. Careful though as 'Bearish Divergence' could follow.
2: The Resistance holds and we break trend, returning to 'Previous Support' 10% TARGET
-Uptrend Trendline Breaks
-Double Top Confirms
-MACD crosses
-.236 Fib Breaks
3: Previous Support Fails and we fall to 2.84 Support. 15% TARGET
-Breaks .236 & .382 Fibs
-Healthy Retrace after 230% move
-MACD will have crossed
-Center BB will have failed
NOTE: There is an OPEN GAP sitting inside the 'Golden Pocket'. Do not be surprised if we see this fill.
Offering simple interest free and flexible repayment options, Strong Retail Affiliations and having an App in the Top 10 of Google Play and Apple, it's easy to see why Z1P is doing so well. They are up $45Million in revenue and have nearly cracked 2 Million Users.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ZIP - Price chart analysisZIP Pay Fell close to 12% in today's opening trades but bounced back and currently trades above 6.13, a critical point to the upside. It will need to remain above 6.13 to continue to the upside. Support is at 5.90, 5.77 and major level at 5.56
ZI1P.ASG Correction is coming. I will buy at supportWent up too high too quickly. Need a correction.
RSI 75
MACD
MA 50 below
Support line @4.44 and @4.15
My trading plan:
I will wait for price correction and get in at support
ASX - Two Personal Loan Corps surge as Afterpay flatlinesFollowing the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall.
The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the hospitality sector will close forcing casual workers to rely on Government unemployment benefits until meaningful employment can be found. Assuming that these benefits return to the levels seen pre COVID-19 (~ AUD$20 a day), many Australians will need flexible loans to maintain themselves.
Some of the loan providers making noise are:
ASX:Z1P
ASX:APT
ASX:OPY
I'll be closely watching these; especially ZIP Pay due to its recent venture into the United States, a country that will see these issues magnified due to the lower number of government benefits available.
$Z1P breaks out of Gann Fanbreakes out of gann fann and uses it as support. Nothing hindering here until the stocks high
ASX:Z1P on fire 🔥 🚀🚀ASX:Z1P has been on fire today after announcing its acquisition of Quadpay. But is this the only reason it zoomed high or the TA has all he explanations? Lets dig deep and analyze.
Today ASX:Z1P aka ZIP has zoomed 41% high but checking on the chart I can say that the stock has been bullish since its bounce back from the 200MA. It was bullishly visible and ready for a bounce. Price was above LSMA, 50MA, 200MA velocity was positive. The only concern was RSI that was high but this stock has challenged RSI if you check historic price actions.
This stock may keep going high but to me it was a good time to take some profit off the table since i was in from the lower 1$ levels while waiting for the next big move potentially towards the 6$ or more.
I will keep you all posted.
DYOR and stay safe. Please keep smashing the likes if you enjoy these TA.
ZIP - Price chart updateZIP - Price chart update
Share prices fell in yesterday's trade down -1.08% to around a vital point at 3.64. There are three critical points to watch in terms of a price retracement, 3.64,3.58, and 3.50. Share prices could react and head back up around those points. A pullback to about 3.50 would be ideal.
