Z trade ideas
Starting to look for VALUE tradesStarting to look for VALUE trades
This tech sell off has provided bargain entries to names that have good story and earnings.
I trade mostly momentum and area pattern issues but some symbols are just very tempting to put an exposure on. One of which is Zillow (Z)
Thesis:
Oversold
Good Earnings report last reporting date
Current price is a huge discount vs common market target price: $200ish
Current price level is where it was from prior Earnings
Can definitely dip lower still but tranche buying seems good at this level.
Strategy: Dollar cost averaging below $135
ZG, Long , Swing Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and websites in the United States.
Here's another one I like , good company in terms of growth prospects and extremely high institutional ownership at 97%.
I think that it's been beat up quite a bit due to rising yields but expect there is a good possibility of buying pressure to come in soon. Also, we are trading in an area of value technically speaking.
Institutional holders at 97% will likely help to keep this one from being sold off as extremely as some of the other high multiple names out there.
What makes Zillow Group stand out for me is :
1) Its debt is pretty low
2) Free cash flow is very high
3) EPS projected growth is high
4) Area of value at this time on chart
5) 97% institution ownership
6) Good risk vs reward potential
Good luck ~
Zillow - Z STOCK - BUY ZONE HEREThe market is falling sharply last time, currently at a very good support zone for us to buy Z stock.
The 125 - 130 zone is great if we see the signals of traders from buying in this zone, the closest expectation is $ 200, and I expect it to go further. When large investment funds have backed this Z.
Think of the Stoploss zone here, if the price breaks it, it starts a downtrend.
$Z Zillow At Support - Unusual Options Activity$Z Zillow bounced today near the ~$151 support level, forming a possible bullish hammer candle. Monitor for a break above today's high ~$163 for confirmation.
Unusual Options Activity Today
1k May $165 strike calls traded for $2M
Near term target: ~$181 (Feb 22 gap-fill) - $200 possible by late March
Big Potential for ZILLOW GROUP DailyHey my friends, ZILLOW GROUP is in a bullish push with a decrease in sales volume made and a hammer candle shape. The TIMEFRAME M1 gives us a dash with a low negotiated buy volume. Go towards the base of the bollinger to go to the top of the consolidation zone to test it. Great propability to breakout the price with the return of momentum then then the zone to join the one above and to bind to the next high by breaking the highest of the bollinger while passing.
With the bearish breakout gap possibility to access a strong movement on the breakage of the intermediate median of ANDREWS PICHFORK to directly test its half.
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ZILLOW GROUP Chart Hello traders, ZILLOW GROUP is in an uptrend with high sell volume and a doji. By zooming on the chart we observed a bounce on the bottom of the bullish channel, it will join its opossée to test it. Strong potential to break out the price with the return of momentum at the same time ranges it for arrival in another. This gives the coup line on a significant resistance also counting the symbolic figure of 200.00 to be taken into account. See if the underlying will re-enter the range and the bullish channel for possible test of the low before this day of the 18th.
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US Stock In Play: $ZG (Zillow Group Inc)$ZG have successfully broken out of its 8 months trend channel, infusing a further upward accelerated move of +11.51%. This is a cumulative gain of +55.14% from the Bullish Reversal Hammer on 10th November, previously highlighted.
Currently, the upper trendline resistance-turned-support, have price action bounced off on 21st December 2020, acting as a first line of support level for $ZG. Further upside price acceleration would require $150, an all time high cum psychological round number resistance, to be captured.
US Stock In Play: $ZG (Zillow Group Inc)$ZG exhibited a well respected trend channel since April 2020, a significant 8 months duration. It underwent a technical sell off of -15.76%, on 9th November 2020, with price action being resisted at its upper trendline.
The exhaustion of the selling was witnessed during the afternoon session of 10th November 2020, with $ZG closing the day with a Bullish Reversal Hammer Candlestick Pattern (highlighted), coinciding with the lower band support of the trend channel.
The continuation of this all time high breakout rally is likely to see $ZG test its upper trendline resistance at $135.00 in the upcoming week.