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 more than 20% for ratio of 2:1 (measured potential/ measured risk).
Look for relative strength to the overall market to confirm a long position in Zillow.
Zillow.com and Trulia.com are the leading real estate websites in the USA. They merged and trade under the symbol Z and ZG.
Tim
9:14AM EST 11/2/2015
The risk from here is a move under $25 or 10% lower while upside is for a move up to $33 or a bit more than 20% for ratio of 2:1 (measured potential/ measured risk).
Look for relative strength to the overall market to confirm a long position in Zillow.
Zillow.com and Trulia.com are the leading real estate websites in the USA. They merged and trade under the symbol Z and ZG.
Tim
9:14AM EST 11/2/2015
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.