Plan Your Trade & Respect Your Plan! (Zillow Trade Recap)

This trade set up was mapped out last weekend here on Tradingview and on our blog as well. The break of $140 support on Monday's trading session and close below it ultimately was the giveaway to look for buyers to come in at the next support levels.

The pullback this week took Z to as low as the $124 support area on the chart on Thursday morning.

Buyers swept in and the stock bounced back up towards the previous support area at $130, closing just above it for the week at $131.18. It remains to be seen how the stock will perform going into next week.

For more, please refer to our blog post dated 07/12/2014:
Dust yourself off and try again. 8>)
Syncubate PRO Futuraman
That's right - keep the lessons coming, that's what the market is notorious for after all.

Looks like Zillow hasn't been able to get above the $130 level and is back at the $124 support area. Remains to be seen how it'll trade from here.

Hope you found the analysis informative and perhaps actionable, Firefly!

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