QuickTrade (LONG)Stop at 55.20
Positive price action as well as bullish cross way below the daily 50.
The cross is not 100% clear, but is really worth a try as it may have a huge way-up
1ZGU trade ideas
PERFECT ENTRY ON ZILLLOW GROUPZILLOW GROUP $Z dumped pretty hard it scared even the bravest of hearts. Nonetheless my analysis says $Z has hit rock bottom and it can only go up from here.
Buy up from 60$ - 64$ i expect this market to take some time to build some base before reversals and trend revert.
Goodluck!!
$Z Zillow Falling Knife Catcher or Buy the Dip Opportunity?This stock continues its downtrend. It looked like it would've found some support at $60-65 level, but it formed a bear flag and has since closed below this level. I suspect the trend will continue to resolve the H&S pattern made earlier this year as I mentioned in a previous analysis made back in September. We may be down to $45 earlier than expected.
Zillow (Z) Critical Area - ImportantToday I am reviewing Zillow (Z) on the monthly linear scale chart.
The price has taken a 41.83% drop this month (November 2021) so far and about to re-test the long term parallel channel it was in previously. Furthermore, the price is also re-testing a trendline as shown by the red line.
The RSI (relative strength index) is necessary to pay attention to as it is about to re-test the 40 level which it tested in 2019.
If it breaks below the 40 RSI, we will see the price fall into the parallel channel, and hopefully stay in there without falling further.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #zillow
Z | H&S Pattern Not Yet Resolved - More Downside to Go?Looking at the H&S pattern formed earlier this year, it does not appear to have fully resolved as of yet. There was another pulse to the upside recently, but the trend continues to demonstrate lower highs and lower lows. Cannot count on a single bullish daily candle on a strong downward sloping trend to turn bullish until receiving confirmation. The current pulse upwards appears to be another lower high on its way down to lower levels. May be able to take advantage of the swings to the upside and short on trends to downside during this downtrend, but longer term it would appear to be worthwhile to either wait for a confirmed reversal to go long or set a lower price target inline with the H&S pattern.
ZILLOW GROUP INC. DROPPED TO KEY SUPPORT LEVEL ON WEDNESDAYZillow Group Inc.’s roughly $1.15 billion pile of mortgage bonds tied to its home-buying business has been thrust into the spotlight after the real-estate giant on Tuesday called it quits on its iBuying home-flipping business. The Class C shares Z, -24.92% plunged 24.6% in afternoon trading, and the Class A shares ZG, -22.95% plummeted 23.4%, both toward 15-month lows, after Zillow reported late Tuesday a surprise third-quarter loss and revenue miss, said it would cut about 25% of its workforce and announced plans to “wind down” its iBuying service after disclosing losses of more than $550 million on homes purchased. The Class C shares are suffering the most significant one-day drop since November 2018. They have now slid 36.6% over the past three days, and the A shares have shed 38.1% over the same time.
But at the moment analyst’s target zone for the C shares is about 75% above current levels, and the average A price target implies 80.8% upside. The fair value is around $343.54, with a forecast earnings growth of 69.91% per year.
Also, on the weekly chart after the big drop yesterday, we see that the price stopped at 23.6 Fibo level and a strong support line at $65.00. It would be interesting how the traders will react in the following days.
If the price continues to fall and break these levels, it is possible to see a price test around $50.00 or lower levels around $28.00 or slide at the low levels from March 2020 around $20.00.
Looking at our short-term oscillators, we see that the RSI rebounded from slightly above its 30 lines, while the MACD, although below both it's zero and trigger lines, shows signs of bottoming as well, and they marked that the price is in the oversold zone. If the price rebounds from this current level and the traders receive any positive news in the following days, it will activate the bulls on the market. The positive sign will be the price breakthrough the 38.2Fibo level around $91.00 will probably test 50.0 Fibo around $114.00 or go higher around $135.00.
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Zillow... A Good Buy?As many of you are aware Zillow is in a major crisis after it was announced they will be selling 7,000 properties at a loss of around 10% per property with areas like Arizona, where 97% of the inventory being sold by Zillow is being sold at a loss. This is resulting in them stopping their IBuy program and laying off around 25%+ of their staff. Couple this with terrible earnings, it has created the perfect storm and a huge sell off to go with it. As of now, it is down 26% today alone and almost 50% just this past week alone. Despite this, however, Zillow is at an attractive price level and it showing indications of a possible bottom around $63.10 but this has yet to be confirmed until we see the price move above $65.21 in the short term. This looks like a good momentum play but I would be hesitant to take a long term position at these levels until I see a confirmed change in trend.
Zillow failed to break the channelHello there,
Zillow failed to break the channel with news that the company will submit a bad earning report and the houses selling.
We will enter in a short trade from here ( risky trade )
Our SL ill be breaking the channel.
Our Goal will be all the way out to the red line.
Please be carful with your money.
Zillow Ponzied - Real Estate Bubble - Treasury Rates RisingDebt gets uncontrollable for the ones who've borrowed too much. #kingdollar will come in to play. Sell Sell Sell!
Everything rally PONZIED. The unintended consequences of ponzi pogging for decades. Time for the taxes.
Hyperinflated assets to be annihilated. Small cap QUALITY VALUE will outperform on EARNINGS GROWTH!!!!
Large cap #stonks BONDS WILL CRASH first, then the equities. ZERO CORPORATE TAX days are over. Along with a BRAND NEW
GLOBAL MINIMUM TAX!! wow. Once in decades opportunity for small caps. EXCELLENT!!!
#cannabisreform #thegem Jobs & Justice
Akerna $KERN has the COMPLIANCE DATA software.
You don't always get second chances!- As you can see above, a beautiful bullish wedge was broken to the upside, followed by a re-test Oct 18, and then the stock took off from there.
- Now, its had a severe correction past 2 days which has brought it back down for another test.
- This is key because these mid 80 levels are a demand zone
- Just an aside, I anticipated a breakout as I observed the RSI divergence while price was crawling downwards
TAKEAWAY: Considering its earnings today and I've noticed sentiment get a little negative towards zillow, this would be a great opportunity to go long
