Targeting return to the 50SMA, which has proved to be a significant . Note how Zillow has bounced off of its 50 six times since late-March. Also important to watch the , which has similarly found support at the lower which has been intact since December.
I've used this pattern in conjunction with the 50SMA and channel to identify short and long entries successfully before and optimistic this remains a good system.
5.19.14 - 3:58PM EST