Z
has had a nice move off its recent bottom of around 76%. Sorry to say I missed it. However, it has now been consolidating those gains for about 80 days now. It recently dipped below the 50 DMA (Red) and has now recovered for the last three trading days. I like that the 5 DMA (White) is now above all the Moving Averages. I have started an early entry here in anticipation of a breakout above the blue horizontal line above. All TBD. I will place my stop on a close below the 50 DMA which makes for a good risk reward trade. See Notes on chart for more details. The chart I am using is LevelUp All-In-One available here on TV. It has a lot of information at a glance all built in.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Bình luận:
This weekly chart shows a nice flat base forming.
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Z
has triggered my very tight stop this morning. I'm out for a small loss. It is now back on my watchlist.
Z
has triggered my very tight stop this morning. I'm out for a small loss. It is now back on my watchlist.
Bình luận:
I just want to point out the importance of establishing and sticking to your stops. I was stopped out on Mar 11 @ 56.75 b/c the stock did not do as I had thought it should... look at it now. If holding thru the news (NAR Settling a lawsuit putting buyers agents commissions on the line) you would have been a bigger loser than the real estate agents. (RE Agents buy leads from Zillow)
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.