ZG shows accumulation of position. Intraday behavior looks like limit seller presence with price stepping down.
Here we go with Zillow. Stopped in with confirmation and now we are on the way to the centerline. P! mytradingcoach.teachable.com
Just another Bread & Butter Trade... P! mytradingcoach.teachable.com
Notice what you see on Zillow's chart, that the seasonally slow time of the year for real estate is when ZG has bottomed. It bottomed meaningfully in 2011-2012-2013 and was only a trading bottom in 2014. We could see the same pattern again this year, and today is the earliest bottom that we saw from last year. Real estate is a seasonal business and now...
I published this chart in October and now Zillow has pulled back to the levels where I had suggested to look for a re-entry for a re-test of the high near $33.50. Zillow is quite volatile and moves 6% per day, which is 3 times the volatility of the overall market. The risk from here is a move under $25 or 10% lower while upside is for a move up to $33 or a bit...
After forming a textbook cup-and-handle, the stock broke out as expected. We are now seeing a bull-flag form and expect the stock to breakout higher. It could retreat as far as $28.50 before breaking out.
Zillow and Trulia merged to form ZILLOW GROUP and now trades under the symbol Z. There are no charts published here at TradingView under the new Z symbol. A breakout to newhighs in this market condition are very bullish for Zillow Group. Buy pullbacks to this zone and target a retest of the high and use oversold readings of CCI(11) to buy and add on strength...
A simple post on how to combine indicators to have an edge. 1. Understand the Indicators and its function. 2. Understand the price action 3. Create rules, that work for "you" 4. Stick to the Plan. 5. Manage what we know..... For eg. 1. Squeeze on Weekly - Chart is sideways 2. Top and Bottom Indicator works well in a sideways market. 3. We cannot apply the...
Sometimes, the trend ends in the same way as it starts.