Waiting to enter position on Monday
Note – ZG earnings are on 2/10/2020.
I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :)
1. Short stock (not my preference)
2. Bearish Call Credit Spread – Collect premium for options that expire worthless.
A. Jan 17 expiry - 40/45 Call Credit...
Entry level $46.00 = Target price $49.40 = Stop loss $45.25
Bullish momentum, Golden cross complete on 1 day chart.
Short interest 6.42%.
Zillow Group, Inc. engages in the provision of real estate and home-related information marketplaces on mobile and the web. The company operates through the following segments: Internet, Media & Technology...
ZG is on a tear to fill the gap. I expect this to happen shortly and then for it to back and fill this huge move. Good for short term trade and working on long term thesis. RSI and MACD look tired so better long term price point probably lies below.
Volume gaining momentum and still rising
Volume is decreasing
Yet Price action has still been increasing
Shows light resistance at a critical historical resistance level around $41. If this breaks, this could easily go to $45
Looking for this 4 wave to finish if not already to buy 6-12 month expiration puts on the last 5 wave of the C (i like to pay for longer expirations if im going with the trend to give me enough time if trade goes against for a period of time). Would be able to
count 5 impulse waves down for the final 5 wave of the C. waiting for 1 wave down then 2 wave to not go...
Looking for confirmation on possible breakout on ZG tomorrow. MACD and Stoch look promising, RSI just out of oversold. Accum/Dist is showing steeper accumulation than in the last month. Confirmation may be looking to pick up a few October calls if Volume is right.
This is not advice, DYOR.
There are a lot of good stocks to trade, and sadly to say, $ZG isn't one of them. I haven't nothing against $ZG but I'm sure the stock market has more attractive stocks to buy.
Time Frame : 4h
Resistance ~ $51
~ Uptrend channel
~ Support EMA lines
~ Strong support $27
What do you expect from earnings? If the June earnings are as expected by analysts...
Zillow Group is likely the RE game changer for changing the way RE is bought and sold from 5-7% commissions and today's housing markets. Not a Redfin fan for being a game changer, and Zillow still needs to figure out some things with FSBO (for sale by owner).
Down 43% from peak. 1/2 share entry and 1/2 share standing order lower, just thoughts for now. ...
The risk reward of ZG has fallen out of favor, as you can see the current levels provide little to no room for "reward", and a lot of room for risk.
If you are looking to invest in ZG, your best option is to WAIT for a pullback towards the red levels and enter positions there.
However, we have earnings in less than a month, and the stock could use this as a...
Closely watching this stock as a real estate agent. Can internet leads grow? Where are buyers going to find an agent in the market they are looking to buy? Technology has advanced so that its the easiest its ever been to search for a home online, and many companies and agents have excellent web pages to compete with Zillow.