TAjames

Z1P broke downtrend, but had no follow through.

ASX:ZIP   ZIP CO LIMITED..
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.
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