Date- 4/4/2021 CMP 112.09 USD Trade idea- Entry point 112USD Stop-Loss 100USD Trade target 150USD
Date- 4/42021 CMP- 133.41USD Shares of Zillow have seen a ~40% correction from 52-week highs since mid-February. Though the stock prices have declined the housing market seems to show no signs of cooling down. The stock price currently bounced off the trend line acting as a support and also enjoys a strong support zone as shown in the chart.
Date 4/4/2021 Current price- 52.62$ Double bottom and strong support zone. 55$ is the next resistance level. Double bottom on the RSI. I believe ARKF is the most resilient among Cathie Woods disruptive innovation ETFs.
Published 4/3/2021. Current price ~ 39.55USD. Chart- Daily. NIO had found support on the 50MA earlier with a double bottom and had bounced off for great gains before the current retracement. Double bottom and support on the 200MA now is a good entry point. With the RSI bouncing off the current key level to watch is 40$ with a good volume spike!!