NO BS HERE I'M ALL BULLISH ON ZGThe chart is quite beautiful. You'll see the downward trend was broken. Reversal is set in. We retested support. I believe we're headed back up to test $50 resistance. See you there! Cheers!
Z trade ideas
$Z Short squeeze underway in Zillow, 50% upside remains. Despite posting a loss of $.33 per share and revenue of $454.1 million , Zillow actually beat the estimates and provided very upbeat expansion plans and revenue growth prospects. Sales figures in their buy and sell program tripled in the quarter, such growth has lead to expansion into six new markets. The one stop shop approach of selling homes and providing the mortgage facilities for purchaser's, looks to be a winning strategy.
Company Description
Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company operates through the following segments: Internet, Media & Technology (IMT), Homes and Mortgages segment. The IMT segment includes premier agent, rentals and new construction marketplaces, as well as dotloop, display and other advertising and business software solutions. The Homes segment includes Zillow Group's buying and selling of homes directly. The Mortgages segment includes advertising sold to mortgage lenders and other mortgage professionals, mortgage originations through MLOA and the sale of mortgages on the secondary market, as well as Mortech mortgage software solutions.
ZG: Monster in the makingI have plenty of time in my calls and cannot wait for this to climb in coming days/weeks/months.
$Z, coming of the bottom of the Donchian Channel, nice ER setup Donchian Channel crossovers can be great trades, here the catalyst is earnings and a big short interest. Shorts have been squeezed in Zillow before, do not be surprised to see a 15-20% intraday move in either direction. Price action is healthy coming off the bottom of the channel.
Long $Z
Potentially Long ZReason to buy: See comments in chart
Doubts:
- MACD is not confirming
- 20SMA, 50SMA, and 200SMA are above, could serve as resistance
- Overall market is in uncertainty
Z: Plenty to cheer about tomorrowExisting home sales numbers are due in the morning and this will directly benefit this name. I think new home builders will have hard time, reason being:
1. no cheap labor
2. higher cost for building materials (China..)
Margins will hurt somewhat. Low interest rates will support more home buyers and since we're in Spring already, buying and selling should pick up. Anywho, you know what comes next. Price marked for tomorrow. Expect a Pop.
Zillow Group INC. Momentum is ticking downwards.SHORT Zillow Group INC. Momentum is ticking downwards.
ENTRY 33.10
TARGET 31.20
STOP 35.00
ZG "Happy Sloth Face"Credit for "happy sloth face" to @asymmetricalpha.
Lotto opportunity on a stock that appears to have bottomed near-term, and wants to run a bit.
Time for Z to retraceDrastically over bough. Time for those sellers who bought low to take profit. MACD and RSI showing signs of exhaustion.
Short ZBig divergence in RSI. Over bough levels coming down.
All those who bought the bottom will be looking to sell, and we can see this clearly happening as the upward momentum stalls. It will want to test the bottoms again, but I predict it will not form lower lows.
$Z Zillow Overbought at ResistanceZ Zillow Overbought at resistance, RSI and MFI topping out - will be playing near-term for a 10% retrace by early December. Target = $33.00
Note: Informational analysis, not investment advice.
Zillow Group - The Digital Real Estate game changerZillow Group is likely the RE game changer for changing the way RE is bought and sold from 5-7% commissions and today's housing markets. Not a Redfin fan for being a game changer, and Zillow still needs to figure out some things with FSBO (for sale by owner).
Down 43% from peak. 1/2 share entry and 1/2 share standing order lower, just thoughts for now.
ZG
VIX
RDFN
Risky Trade of the Month Short Straddle in ZWith the market tanking last week Zillow's IVR and IV are at 2 year highs with price in a weekly support zone of 37.75 to 40.
Weekly Linear Regression Slope(LRS) looks to be hitting a bottom with the Daily LRS showing divergence. Obvious risky play due to market conditions
As of Friday selling price of $5.50 on the 33d 40 p/c straddle leaves room for error and a quick profit taking if IV and VIX drop this week.
Tasty Stats POP 52% P50 52% Delta 10 Theta 7.50
Restest of $46, Then it's Up to $51 for ZillowAfter crashing down from All Time Highs in July, Zillow has successfully held support at $46, which has historically acted as strong support/resistance .
I'd like to see this retest support before entering. Late year options plays could be a great way to capitalize on the move back to $51, ~10% from the $46 support level .
Scalping a long hereScalping a long, news isn't great, possible topped out and trend reversal coming.
It may be time to buy Zillow...Z...I am watching Zillow for a long idea here. It is trading at the same levels that were resistance in April and late February. It is also where the top was last summer.
If it closes at or near its highs today I will buy some at the close. My sell stop will be $47.75. I think that makes sense because it is todays low (so far). My sell target will be $56 because that is where the most recent support was.
ZILLOW RISK/REWARD UNEVEN, WAIT FOR PULLBACK FOR BETTER BUYS!The risk reward of ZG has fallen out of favor, as you can see the current levels provide little to no room for "reward", and a lot of room for risk.
If you are looking to invest in ZG, your best option is to WAIT for a pullback towards the red levels and enter positions there.
However, we have earnings in less than a month, and the stock could use this as a catalyst to invalidate current green levels and start a new wave even past those. An earnings play here could throw this evaluation out of date.
THE ABC PLAN:
Watch before earnings, and make sure all entries are held until-
A) Earnings prove superior performance and guidance, thus invalidating this chart because of outdated techincals
B) The stock falls to the pullback levels (red horizontals) before earnings, thus providing a much better RR entry.
C) The stock falls to the pullback levels AFTER a disappointing earnings, providing a great RR IF the pullback is due to an overly pessimistic view of earnings that is unfair
$Z Breakout on heavy volumeCaught it on the way up breaking from the beautiful wedge. Due to the high volume, It should have some nice legs for a bit IMHO
Target $63
