Good news has seen buyers step in to support higher levels

Potential Buy Entry Alert Z1P

 

Time Frame : Daily/Weekly

Sector : Diversified Financials/Credit Services

Key Stats : $280.86 Million Market Cap, VWAP 0.965, ASX Ranking 476, 4 Week Av Turnover $1,052,035.

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 the radar for a while now and is showing some great signs that buyers are stepping in to support higher levels. With recent news of a partnership with Virgin Australia, we should see continuation to new highs. We are now watching for a minor squeeze on the buyers to build the higher low for the buy entry setup.

 

Stock Code : Z1P – Zip Co Limited

Company Website : www.zipmoneylimited.com.au

Current Price : 96.5

Status : On watch for a buy entry setup