Audacity618
Short

Upper Channel on Aggresive Valuation.

NASDAQ:Z   ZILLOW GROUP INC
93 0 2
Most aggressive pt have recently been boosted to 130 on the possibility of a consolidation with Trulia. But most conservative pt around 110-115 state the already embedded high valuation in Zillow given projected growth. New-home sales surged in May, but the gains only put the market back on track to match last year's pace along with many investors speculating about mortgage rate hikes. I don't see the logic in investing at these all time highs and I don't believe many growth investors do either. I think it's currently being pushed up by bull swing traders who are enjoying the short squeeze. Forming a bearish rising wedge at the top of this multi-year channel I do believe anything above 135 is a good short with a stop of 140.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out