Zillow Ready to Recover
Updated
Zillow is down ~45% from this years peak, and almost back to the December 2018 dip. Recently, the SMA21 has been a rejection point; but price seems to be stabilizing and getting squeezed by that SMA21. RSI is increasing for bullish divergence, volume has a slight uptick. So could be ready to move up.
Placing stop under current support.
Price target 1) 0.236 FIB 2) S&R as shown in the blue circles 3) Near SMA50 for
For 15% gain R/R 4x
Placing stop under current support.
Price target 1) 0.236 FIB 2) S&R as shown in the blue circles 3) Near SMA50 for
For 15% gain R/R 4x
Comment
Good stock pick, but massively exceeded target
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