I am watching Zillow for a long idea here. It is trading at the same levels that were resistance in April and late February. It is also where the top was last summer.
If it closes at or near its highs today I will buy some at the close. My sell stop will be $47.75. I think that makes sense because it is todays low (so far). My sell target will be $56 because that is where the most recent support was.
If it closes at or near its highs today I will buy some at the close. My sell stop will be $47.75. I think that makes sense because it is todays low (so far). My sell target will be $56 because that is where the most recent support was.