TA for Zillow Group (SG)

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  • #37832

    Kay Beng
    Replying to #

    Hi Wei Ren, 

    Zillow Group just has a gap up. Kindly help with the outlook of this counter. Thanks



    Research Department
    Replying to #

    Hi Kay Beng, 

    Pardon for my late reply. Yes, there was a gap up but it was quickly filled up and such it was an exhaustion gap. However, the price quickly reverses, and the upside was confirmed with a morning star pattern alike at 61.8% and 50.0% of the immediate swing high and low. 

    Wave count suggests that there may be another last leg of upside before the stock is due for a correction. For more info and visual cue, you may refer to my chart at this link. 



    Kay Beng
    Replying to #

    Thank you, Wei Ren.

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