nicktussing77

ZILLOW, WILLOW WHEREOW THE PRICE GO?

BATS:Z   Zillow Group, Inc.
imma be honest, I'm running out of creative titles, so you get what you get.
Trends labeled
Price targets labeled.
really neat setup on zillow here.
These buy zones are marked at some major support, we have a short term trend leading to a top, and may have already hit. We have a long term support trend going in the bearish price direction.
All of the above can help determine potential price movements.
With RSI being overextended, the market as a whole, there is potential for quick downside right past support trend, into the zones of major price support, which will then create even stronger support, which will allow the price to keep climbing back up.
I'm hesitant to predict anything before seeing where it heads into earnings (13th labeled)
BUT..
IDK, something like this maybe?

Essentially, I don't know how it will look, or how steep it goes, but it's good to be prepared for some potential scenarios. This chart can cover quite a few of them if you're patient and wait for the right trade.
Overall, I would suggest being careful, and should the price go up before going down, it might be a better option to look for a short entry and ride the price down than jumping into a long position, especially with how this chart looks.
Comment:
not much has happened, we got a similar movement to the projection but a little bit off, no biggie. having said that, I'm still feeling bullish and there might not even be a need to hit the buy zone before we run up again. Still takes us to 84 to 94 so either way we will likely see the move we want, but if we buy now and it drops, how far, how long and how much risk did we mess up on buying now vs later.
tough call heading into 2 or 3am when the movement would likely occur (bullish) and then see the top near morning, before heading to the next price target , up or down, no clue.

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