- 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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.