- As you can see above, a beautiful bullish wedge was broken to the upside, followed by a re-test Oct 18, and then the stock took off from there.
- Now, its had a severe correction past 2 days which has brought it back down for another test.
- This is key because these mid 80 levels are a demand zone
- Just an aside, I anticipated a breakout as I observed the RSI divergence while price was crawling downwards
TAKEAWAY: Considering its earnings today and I've noticed sentiment get a little negative towards zillow, this would be a great opportunity to go long
- Now, its had a severe correction past 2 days which has brought it back down for another test.
- This is key because these mid 80 levels are a demand zone
- Just an aside, I anticipated a breakout as I observed the RSI divergence while price was crawling downwards
TAKEAWAY: Considering its earnings today and I've noticed sentiment get a little negative towards zillow, this would be a great opportunity to go long
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.
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.