Long-Term Buy for ZG (Zillow.com)
After a recent large pull-back, Zillow has resumed its long-term up-trend. It is currently giving us a good buying opportunity and it likely to bounce off these strong supports:
* 2-year moving average (shown by the dark-blue line).
* 10-month moving average (shown by the light-blue line).
* 38% Fibonacci Retracement (shown by the red line).
If price can stay above the 2-year moving average, we can expect ZG to head to new highs over the next 2 years.
* 2-year moving average (shown by the dark-blue line).
* 10-month moving average (shown by the light-blue line).
* 38% Fibonacci Retracement (shown by the red line).
If price can stay above the 2-year moving average, we can expect ZG to head to new highs over the next 2 years.
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