Even with a realtor, I still love the information I can access on the go using the Zillow app. Their strong mobile platform and disruption of the real estate industry has kept my attention on the company since the IPO. After trading to an all-time high last week, the stock has seen aggressive selling.
Should we see buyers step in and buy this dip, I really like how Zillow is setting up on the daily chart. I’ve played along partially with this name, riding the January rip and earning some nice coin along the way. However, it pumped one day and I ran out of bullets, taking my final scale.
Since then, I have kept the name on my radar, hoping to see a buyable dip form. Thus far, the dip we are seeing in price is violent. However, gap fills of this variety tend to behave violently. Looking back at how price behaved around $38, we can see it was a tough resistance. I’m looking for that level to morph into support. Should price stabilize and turn higher, it will threaten to break the steep trend lower. The steeper the trend, the more violent the break:
ANGI flirting today. I might “leg in” a little on this strength.
ANGI looks great today, and a large buyer presented themselves rather brazenly about 20 minutes ago.
Zynga showing up now. I am still holding large. It is one of my bottle rockets along with Hemp. Mjna Wmih.
ZNGA indeed showing up. I’m giving ANGI a few more days and may miss this bargain pricing, but I want to make sure this support holds.
I’ve watched this MJNA situation play out, intensity! You have cajonies riding that volatility train.
Sold some BLC and scaling into MPW for the core port.