Z has a pivot at 115.58, and if broken, this can lead the price to higher levels. We have a strong support at 112, that must not be lost again – or Z will keep dropping to the 108s.
By breaking the 115s, we might see Z at 130 in the next weeks, but it is still trading inside the range between 119 – 108, so, we must be...
Shares of Zillow have seen a ~40% correction from 52-week highs since mid-February.
Though the stock prices have declined the housing market seems to show no signs of cooling down.
The stock price currently bounced off the trend line acting as a support and also enjoys a strong support zone as shown in the chart.
$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...