Thoughts on ZAPP's Potential Bottom
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Been watching $ZAPP with some interest, mainly due to the sheer volume on these massive down days. It's trading at 0.1548 right now, a pretty steep drop today alone. My gut feeling, looking at the candle bodies and the overall lack of any significant bounce attempts, is that we're likely to see it touch the 0.12-0.10 range before any real buyer interest emerges. I'd put the odds of hitting that zone by month-end at around 60-65%. It's a speculative call, of course, but the current momentum suggests continued weakness until a clear support level is tested and holds. The previous lows around 0.14 don't seem to be acting as much of a floor, which reinforces the idea that there's more downside to explore. Not advising anything, just my read on the charts for something like this.