$Z Regains 50 DMA

Z has had a nice move off its recent bottom of around 76%. Sorry to say I missed it. However, it has now been consolidating those gains for about 80 days now. It recently dipped below the 50 DMA (Red) and has now recovered for the last three trading days. I like that the 5 DMA (White) is now above all the Moving Averages. I have started an early entry here in anticipation of a breakout above the blue horizontal line above. All TBD. I will place my stop on a close below the 50 DMA which makes for a good risk reward trade.

See Notes on chart for more details. The chart I am using is LevelUp All-In-One available here on TV. It has a lot of information at a glance all built in.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Comment:

This weekly chart shows a nice flat base forming.

Trade closed: stop reached:

Z has triggered my very tight stop this morning. I'm out for a small loss. It is now back on my watchlist.

Comment:

I just want to point out the importance of establishing and sticking to your stops. I was stopped out on Mar 11 @ 56.75 b/c the stock did not do as I had thought it should... look at it now. If holding thru the news (NAR Settling a lawsuit putting buyers agents commissions on the line) you would have been a bigger loser than the real estate agents. (RE Agents buy leads from Zillow)