Zulily Inc (ZU)

[Gixene]

squashjohn, thank you. I'm not the most knowledgeable about technical and chart patterns, but I am learning as I go. zulily, Inc. (ZU) did bounce off the SMA 50. I can't comment on the next move of PPS because I don't see a chart pattern yet. I see a few possible patterns that could form. These could be a Descending Triangle, Symmetrical Triangle or a Channel Down. I don't like to predict chart patterns, but if I had to I would lean more towards a Symmetrical Triangle or a Channel Down.

The Japanese Candlesticks are currently signaling bearish sentiments. The last bearish candlestick confirmed was a Bearish Dark Cloud Cover on March 19, 2014. Since then a bullish candlestick has formed, but hasn't confirmed itself. That bullish candlestick was a Bullish One White Soldier on March, 28, 2014.

Fundamentally, I believe this company is extremely overvalued. Could be a good trade, but I don't know if I'd invest at these levels.