Sellers ready to take control and out the squeeze on the buyers

Potential Sell Entry Alert to Watch Z1P

Time Frame : Daily

Sector : Diversified Financials/Financial Services

Key Stats : $1.11 Billion Market Cap, VWAP 3.127, ASX Ranking 228, 4 Week Av Turnover $7,818,664, Current Turnover (Intraday as at time of alert) $1,764,786.

Company Overview : Zip Co Limited (Z1P, formerly Zipmoney Ltd) operates in financial products and payment solutions to consumers, and providing a variety of integrated solutions to small, medium and enterprise merchants across numerous industries, both online and in-store. Company operates in Australia and New Zealand.

Broker Consensus : BUY

Z1P – ZIP Co Limited

Z1P may be coming under some selling pressure as we have seen recent highs at 3.59 rejected and a lack of buyers to support the action since. We are now on watch for some lower highs to come into play which we expect will drag in some further profit taking and squeeze some buyers out of the action for the move lower.

Stock Code : Z1P – ZIP Co Limited

Company Website : www.zip.co

Current Price : 3.13

Status : On watch for potential lower high and push down through 2.00