$ZG Watch this bounce 🙏💰💲Clean set up, If weekly IB holds even better for me. All info on chart, any questions feel free to ask , GL all :)
ZG trade ideas
ZillowZillow 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. According to the report, revenue for the year grew by 22%, but in the 4th quarter it decreased by as much as 16%, despite strong revenue growth in its mortgage segment in the 4th quarter. The fact that revenue will not grow in 2021 is becoming more and more obvious.
Mortgage rates are at an all-time low, but lending standards are the strictest in the US in decades, limiting the number of buyers. Fannie Mae forecasts for 2021 sales and house prices are not encouraging.
The current level of share price is too high given that short-term revenues in Q4 actually fell by 16%, and Zillow ad revenues will stop growing this year, profit growth will depend only on cost control, but keeping the growth by reducing costs will not convincing to investors.
ZG: Breakout Confirmed, 44.13% Potential Profit!Description: ZG is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $140 - $152.6
2. Take profit: $206.72
3. Stop Loss: $129.87
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 97%
Z, Head & Shoulder Another social media sector Stock Zillow - Z has been formulating a Head and Shoulder topping pattern
In short to mid-term of 6-9 months, there is a potential larger scale retracement and in my opinion 66 plus minus 5 dollar will be the best buy zone
Please do your own Due Diligence
Zillow(Z) Elliot Wave Completion and Short PutZillow took a massive dump over the last few weeks falling over 45% at its most and is currently still down 40% from its highs. It also completed all 5 legs of its downwards Elliot wave and is looking to reverse. Due to the increased volatility, its options premiums are pretty high right now too leading to our 2 main trade ideas.
1. Accumulate Shares around $125 for at least 140 and 155.
2. Naked Puts (56 Days out expiring 5/21): Short the 80 put for $1.10 which has a 89.5% POP and requires $800 BPE for a decent 13% ROC. For a more aggressive and bullish play, short the 90 put for $2.20 which has a 82.5% POP and requires $900 BPE for a better 24% ROC.
With the 200 SMA support and also considering the 2SD move that Zillow has had over the last few weeks, it is highly unlikely (90% prob.) that Zillow will break below $80 within the next 56 days. If it does, it should be a great place to accumulate given the current stable fundamentals as it will be down over 60% from the highs.
Zillow retracement looks like a great buying opportunity !!!Date- 4/42021
CMP- 133.41USD
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.
Z - Zero in on this guyZ shot to a high of 208 on 16 Feb before doing the mean reversion all the way back to it's long term trendline on 5th March (34% retracement!). It then enjoyed a short term swing up from 122.4 to 159.8 (30% up in within a week!) before the recent rate hike fear brought it all the way back... down to the trendline again! Another opportunity play the swing up with stop loss placed below this trendline.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
