Zillow Stock Price Could Crater To $30 If Eiffel Tower Pattern

Sharing is Caring!

by Kimble Charting

It’s been a rough run for Zillow Group (ZG)… not only has the business struggled of late but it’s now seen it’s struggles hit the mainstream news.

For lack of a better phase, Zillow has become a punching bag on social media. It’s home-flipping business is taking huge losses and, well, things just aren’t good.

As you can imagine, this has infiltrated its stock price. And as per usual, the stock price picks up on it well in advance…

See also  NASA has warned that a giant asteroid bigger than the Eiffel Tower will break into Earth’s orbit in just over a week.

Here we look at a “weekly” chart of Zillow Group from Marketsmith.com and an ominous pattern that took root several weeks ago. Here we have a potential “Eiffel Tower” pattern in the making with the right shoulder taking root in decline.

See also  CBS On Biden’s Supply Chain Crisis: “Out-Of-Stock Messages Are Up 124% From Pre-Pandemic Levels”

So how much lower could Zillow stock price fall? Well, if the pattern holds true to form, the stock could fall to $30-$32.

Yes, the stock has already stumbled big time… but could it fall another 50%?

This article was first written for See It Markets.com. To see the original post CLICK HERE.

 

 

511 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.