Is ZIP going to recover from this sell-off?
ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next level; it is based on my automated system, predicting future critical levels.
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