ZAPP - New short squeeze leg up? 44 % short float
Updated
Zapp Electric Vehicles Group Ltd designs manufactures, and sells high-performance electric vehicles, including maintenance and repair of electric vehicles and related parts and accessories.
This is a high risk idea - keep this in mind!
Short float: 44.95%
Shares float 1.47M
Borrow Fee: 490 %
Low amounts of borrows
Breakout Zone: $12.00
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.
Resistance Points:
$12.00
$14.50
$16.00
$19.00
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Set a target at $24.00 or even $39.00 is possible.
Stop Loss (SL): Set at under $7.00 or $9.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
This is a high risk idea - keep this in mind!
Short float: 44.95%
Shares float 1.47M
Borrow Fee: 490 %
Low amounts of borrows
Breakout Zone: $12.00
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Overall Market Sentiment:
Currently, the market seems to be in a correction phase. It’s crucial to consider this sentiment when making trading decisions.
Resistance Points:
$12.00
$14.50
$16.00
$19.00
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Set a target at $24.00 or even $39.00 is possible.
Stop Loss (SL): Set at under $7.00 or $9.00 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Trade closed: stop reached
SL hit
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