Zillow Group, Inc.Short
Z tags $85, pulls back to $75
Updated
MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near Fibonacci level
Buying a put if price reaches $85
Target is $75 or channel bottom
Stop loss is TBD
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near Fibonacci level
Buying a put if price reaches $85
Target is $75 or channel bottom
Stop loss is TBD
Note
$85 tagged. Go down now!Trade closed: target reached
Target hit! SUCCESS!
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