- 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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.