Z trade ideas
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 An earnings play here could throw this evaluation out of date.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A) Earnings prove superior performance and guidance, thus invalidating this chart because of outdated techincals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
All time highs! Do to continued Premier Agent ad money revenueClosely watching this stock as a real estate agent. Can internet leads grow? Where are buyers going to find an agent in the market they are looking to buy? Technology has advanced so that its the easiest its ever been to search for a home online, and many companies and agents have excellent web pages to compete with Zillow.
Stochastic divergence pennant breakoutZ is ready to breakout of a pennant pattern inside a larger symmetrical triangle. The stochastic divergence signals the continuation of momentum and should drive the price up to the target zone and possibly beyond.
Buy: 41.50
Target: 42.50 - 44.00 (2.41% - 6.02%)