ZG trade ideas
Zillow Group Trade setup
Earnings approach and expectations are high for a possible breakout
Possible entry level $52.75
Target price $60.00
Stop loss $50.00
Strong momentum and heavily shorted at 25%
Zillow Ready to RecoverZillow is down ~45% from this years peak, and almost back to the December 2018 dip. Recently, the SMA21 has been a rejection point; but price seems to be stabilizing and getting squeezed by that SMA21. RSI is increasing for bullish divergence, volume has a slight uptick. So could be ready to move up.
Placing stop under current support.
Price target 1) 0.236 FIB 2) S&R as shown in the blue circles 3) Near SMA50 for
For 15% gain R/R 4x
ZG – Bearish Entry to Gap Fill DownWaiting to enter position on Monday
Note – ZG earnings are on 2/10/2020.
I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :)
Trade Entry
1. Short stock (not my preference)
2. Bearish Call Credit Spread – Collect premium for options that expire worthless.
A. Jan 17 expiry - 40/45 Call Credit Spread - $3.65 Credit or more received.
Max loss $135. Max gain $365 (credit received).
B. Feb 21 expiry - 40/45 Call Credit Spread - $3.10 Credit or more received.
Max loss $178. Max gain $307 (credit received)
Chart Details
Price hit resistance inside current wedge pattern.
Should head down to fill gap at $34 with support at $29.
Daily trend bearish. Weekly trend about to turn bearish.
Bearish EMA cross on Daily at $43.16.
One we get bearish EMA cross and 10WeekMA cross at $40, downtrend will be confirmed.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
I am transitioning to my new website www.moneypatterns.com and have updated my name previously jbird7839. Same guy - new name. :)
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
$ZG Gap Fill Trade in Zillow GroupEntry level $46.00 = Target price $49.40 = Stop loss $45.25
Bullish momentum, Golden cross complete on 1 day chart.
Short interest 6.42%.
Company profile
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. The company was founded by Richard N. Barton and Lloyd D. Frink on July 25, 2014 and is headquartered in Seattle, WA.
ZG - Gap FillingZG is on a tear to fill the gap. I expect this to happen shortly and then for it to back and fill this huge move. Good for short term trade and working on long term thesis. RSI and MACD look tired so better long term price point probably lies below.
Let it cool off before re-entryToo difficult to predict at this moment, let the boll bands cool off before another entry point
Volume gaining momentum and still risingVolume gaining momentum and still rising
Volume is decreasing
Yet Price action has still been increasing
Shows light resistance at a critical historical resistance level around $41. If this breaks, this could easily go to $45
zillow still long this trade has been paying just want to updateThe trend is still intact and we has a breakout on the 15 min chart friday i will look for another entry monday, i have taken profits and let the RSI settle down 2x and reentered on the breakouts since my last post on this ticker. each move has been good for a couple bucks a share if you timed things correctly. I'm not sure if anyone is following these trades but we're batting about 80% to date and thats not too shabby. thanks for the likes and follows. theres no monetary gain that comes with any of that for me but i definitely appreciate the support so thank you for that. This is not financial advice just an observation.
200 Day Moving Average Broke. ZG uptrend to begin4th Elliot Wave Retracement / Pattern Hold until another move upward
zillow long i will likely add to a half position at the first pullback if theres continuation here today. lots of strength, solid earnings, and a unique business model and product in the real estate sector
resistance at 40.00 upside potential 20%+
this is not a recommendation just an observation for educational purposes only.
give me a like and a follow
Zillow Looking for this 4 wave to finish if not already to buy 6-12 month expiration puts on the last 5 wave of the C (i like to pay for longer expirations if im going with the trend to give me enough time if trade goes against for a period of time). Would be able to
count 5 impulse waves down for the final 5 wave of the C. waiting for 1 wave down then 2 wave to not go above start of 1 wave
that would be my stop loss. Entry on 2 wave, for now waiting and watching.
Mech long ZI don't always trade mechs, but when you see a clear one I roll with it.
Ignition on multiple timeframes at the .5, entry between .25 - .144, find a spot with good stoploss, looks like one already happened. I took a hedge from my previous short at the top.
D target ~ 76
$Z long positionducc opening a long position on $Z
$Z showing 3x macd bullish divergence and tail end rsi divergence to coincide
ZG ConfirmationLooking for confirmation on possible breakout on ZG tomorrow. MACD and Stoch look promising, RSI just out of oversold. Accum/Dist is showing steeper accumulation than in the last month. Confirmation may be looking to pick up a few October calls if Volume is right.
This is not advice, DYOR.
Autonomous AI Trading Zillow is Worth Gold for BearsZillow is seen as a worthless investment for bulls and gold to bears
Zillow great buy for potential +20%Z (Zillow) is a great buy after their bad earnings in Q2. Zillow is a very reputable company that has a great chance of bouncing back from poor earnings being in the real estate industry. Look for a possible 20% return with Zillow.
$ZG. Watchlist. I will buy ~ $25 per share, after earningsThere are a lot of good stocks to trade, and sadly to say, $ZG isn't one of them. I haven't nothing against $ZG but I'm sure the stock market has more attractive stocks to buy.
Time Frame : 4h
Resistance ~ $51
Support:
~ Uptrend channel
~ Support EMA lines
~ Strong support $27
What do you expect from earnings? If the June earnings are as expected by analysts will show negative movement, then the price will fall to this year low again. So I will wait how the price reacts on earnings to decide buy or wait.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Hit like, comment and follow for more profitable ideas.
Zillow: is the door open to higher price?On the heels of its most recent run up, Zillow (Z) looks to be setting up to push higher. Since the low printed in Nov 2018, Z has steadily begun to carve out higher lows and has finally been able to generate momentum following its initial earnings reaction (5/9). After more than a 50% rip from the low on 5/2 ($31.75), Z finally started to retrace at and around the $49 level. This pullback has come right in to test the most recent breakout zone (6/5 at $44.4 level) and appears to be using this previous resistance level as support(the 2/22 post-earnings pop turned lower the following day at the same price level). After 4 consecutive sessions of trading lower, we finally started to see a change in behavior on 6/13 with a 2.5% gain and close up near the high of the day. The last two sessions have been inside days as Z, and most other names, await the FOMC on Wednesday (6/19). I wouldn't rule a secondary test of the $44.40 level or even a washout of the low on 6/12 ($44) but any sort of false break or rejection of lower price only adds to the bullish picture here. Looking for a break above the 6/13 high and continued strength which would setup a potential retest of the breakdown last summer (Aug 2018) when the stock fell from the $58 level to below $50. A couple ways to play the potential move: buy the break of the 6/13 high ($46.50) on any strength in the coming days; if the stock drifts lower then look for any strength/demand on a secondary test of the $44 level.
