Potential Buy Entry Alert Z1P
Time Frame : Daily/Weekly
Sector : Diversified Financials/Digital Retail Finance
Key Stats : $258.61 Million Market Cap, VWAP 0.89, ASX Ranking 494, 4 Week Av Turnover $374,065.
Company Overview : Zip Co Limited (Z1P, formerly Zipmoney Ltd) operates in the digital retail finance industry. It offers point-of-sale credit and digital payment services to the retail, education, health and travel industries. Z1P is focused on acquiring prime, near prime and emerging prime borrowers by providing those customers with a revolving line of credit to finance their retail purchase.
Z1P – Zip Co Limited
Z1P has been on watch for a while as price holds higher lows. We are still waiting for further evidence of buyers taking control as the initial push up through 0.91 was met with sellers pushing price back down to support around 0.80. Watching now for another push higher and then a minor pullback to build the higher low and entry setup.
Stock Code : Z1P – Zip Co Limited
Company Website : www.zipmoneylimited.com.au
Current Price : 0.89
Status : On watch for higher low buy entry setup