Z has a pivot at 115.58, and if broken, this can lead the price to higher levels. We have a strong support at 112, that must not be lost again – or Z will keep dropping to the 108s.
By breaking the 115s, we might see Z at 130 in the next weeks, but it is still trading inside the range between 119 – 108, so, we must be...
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.
Zillow is a mobile app and website for the sale or purchase of a home, financing, renting in the United States.
For Zillow, the pandemic and mortgages close to zero interest rates have spurred the company's revenue growth. Secondary home sales in 2020 were the highest since 2006.
On February 10, Zillow posted earnings for the 4th quarter and full 2020....
Starting to look for VALUE trades
This tech sell off has provided bargain entries to names that have good story and earnings.
I trade mostly momentum and area pattern issues but some symbols are just very tempting to put an exposure on. One of which is Zillow (Z)
Good Earnings report last reporting date
Current price is a huge discount vs...
The market is falling sharply last time, currently at a very good support zone for us to buy Z stock.
The 125 - 130 zone is great if we see the signals of traders from buying in this zone, the closest expectation is $ 200, and I expect it to go further. When large investment funds have backed this Z.
Think of the Stoploss zone here, if the price breaks it, it...
$Z Zillow bounced today near the ~$151 support level, forming a possible bullish hammer candle. Monitor for a break above today's high ~$163 for confirmation.
Unusual Options Activity Today
1k May $165 strike calls traded for $2M
Near term target: ~$181 (Feb 22 gap-fill) - $200 possible by late March
Opendoor broke trends today during a period of limited/no support (See related ideas section).
I look to RDFN and Z for wider market trends. These 3 companies are in a similar tech real estate market. There is limited trading history for OPEN and IPOB, TradingView doesn't even allow charting properly. There is a correlation with patterns for RDFN and Z, but there...
$ZG have successfully broken out of its 8 months trend channel, infusing a further upward accelerated move of +11.51%. This is a cumulative gain of +55.14% from the Bullish Reversal Hammer on 10th November, previously highlighted.
Currently, the upper trendline resistance-turned-support, have price action bounced off on 21st December 2020, acting as a first line...
$ZG exhibited a well respected trend channel since April 2020, a significant 8 months duration. It underwent a technical sell off of -15.76%, on 9th November 2020, with price action being resisted at its upper trendline.
The exhaustion of the selling was witnessed during the afternoon session of 10th November 2020, with $ZG closing the day with a Bullish Reversal...
$Z Zillow bouncing off trendline support today, finding a bottom just under $97. Assuming support holds, expect a near term bullish move heading into earnings.
Bullish Options Activity Friday:
$1.8M of 11/6 $113.00 strike (OTM) calls traded (62x open interest)
Near term target: $115-$120 range by mid-November
Note: This is NOT investment advice.
$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p