jeffsuntrading

US Stock In Play: $ZG (Zillow Group Inc)

Long
NASDAQ:ZG   ZILLOW GROUP INC
$ZG have successfully broken out of its 8 months trend channel, infusing a further upward accelerated move of +11.51%. This is a cumulative gain of +55.14% from the Bullish Reversal Hammer on 10th November, previously highlighted.

Currently, the upper trendline resistance-turned-support, have price action bounced off on 21st December 2020, acting as a first line of support level for $ZG. Further upside price acceleration would require $150, an all time high cum psychological round number resistance, to be captured.

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