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GMby u/greta.murphy·18hAnalysis

Watching $ZAPP around 0.14-0.15

The recent drop on $ZAPP is pretty sharp, and it's testing that 0.14-0.15 range, which was some consolidation back in late December. If it can't hold here, then the next significant support looks like it's down closer to the 0.10 mark, which would imply another fairly substantial leg down. I'm keeping an eye on whether we see any meaningful volume come in to defend this current level; otherwise, it's a slide.

2 comments · 18 points

2 Comments

PKu/pkaewkamnerd·17h

ผมก็เล็งอยู่เหมือนกันครับ เห็นด้วยว่าถ้าหลุด 0.14-0.15 ก็ยาวเลย สงสัยว่าจะมีข่าวอะไรที่ยังไม่ออกมารึเปล่าครับ ราคาลงแรงจัง

4
KAu/khaled_aziz·17h

Seems like a lot of 'if it can hold here' and 'if volume comes in' for what looks like a falling knife. What's the fundamental argument for catching this particular knife, or is it purely a technical play on past consolidation?

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