- As you can see above, a beautiful bullish wedge was broken to the upside, followed by a re-test Oct 18, and then the stock took off from there. - Now, its had a severe correction past 2 days which has brought it back down for another test. - This is key because these mid 80 levels are a demand zone - Just an aside, I anticipated a breakout as I observed the...
Zillow tested the dynamic supports on the 4 hour today and bounced. It is currently holding well above the horizontal support at $96.82. If uptrend continues, Z could retest $115 which is pretty close to the 200 MA on the daily. - HH
Z has good chart patterns 1. double bottom 2. above trend line 3. broke down trend
WEEKLY CHART This is a classic falling wedge pattern! (I'm a little late to the party.) - Strong volume - Break above $107.10 (break above 50MA) should confirm a continuation of the bullish trend. - 50MA could create some resistance around $101-$103. I like Z $120 Call 1/21/22. I'm already in. (avg. $2.40)
-Faced with the fastest-rising real estate prices in U.S. history, Zillow Group Inc. tweaked the algorithms that power its home-flipping operation to make higher offers. -It ended up with so many winning bids that it had to stop making new offers on properties. Now, after buying more homes in the third quarter than it ever has before, the company is working...
Zillow has suspended its iBuying program, Zillow Offers, cited building backlogs and labor/supply shortages as the reason. I believe Zillow's actions supports the idea of a weakening housing market. Weakness in the housing market is attributed to dampening economic conditions. Zillow's iBuying program started in April 2018 and represented the newest frontier...
Hi Traders, everything is in the Chart. Zillow G. is forming Ending diagonal in Wave C reaching GOlden pocket retracement. 0.618-0.65 what is always good sign for trend reversal. 1D RSI alredy shows RSI konvergce, (3D probaby also) - still waiting for 1W TimeFrame. COnsider your RRR and how much you trust to Patterns. CThis could be good setup for profit...
Over the weekend it was reported ZILLOW PAUSES HOME PURCHASES AS SNAGS HIT TECH-POWERED FLIPPING For those not familiar with NASDAQ:Z 's recent business model they have been on a buying frenzy no doubt fueled by low interest credit to give home sellers fast cash offers on houses based on prices that Zillow determines via their machine learning algorithms. It...
Long Zillow Target $100 Above long term trendline
RSI breakout; and breakout imminent on falling wedge setup. Holding 100c 5/22 LONG. Housing market is not going to slow down. This has had a significant pullback in the last year.
Long downward wicks suggesting a possible reversal - my eyes are still at 70.. Zillow gets quite a bit of dip-buyers with all of the press around them
Bullish pattern -breakout of descending wedge on $Z
Monthly - 0.618 Fib Weekly - Support Daily - Wave 5 completion/Descending triangle/Double bottom/MACD/Bullish Engulfing LTF - Descending triangle Breakout/MACD/Double bottom RR - 8 (Previous M/W highs) Management - Long term
Zillow will continue to drop as long as there are price reductions and they lose money on their shady deals. They've been lying to everyone about how the housing market is secure and going to continue to boom. Apart from their imminent downfall for the remainder of this year, the market itself is going to crash: If we look at the current state of the market, the...
1. Falling wedge breakout? 2. Testing 0.618 retracement? 3. If not then road to $60 is open.
Might bounce a little. May have just confirmed the wedge from the "breakout" and will see a little bounce.... zzzzzzzzzzzzzzzzzzz....... not interested personally. Not worth my time or risk. Better prices will be made. You dont make money doing short term trades. You make pennies. Sorry. When the market comes down, that's the time to buy and it will.