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

By Chris KimbleStock MarketsNov 04, 2021 09:51AM ET
www.investing.com/analysis/zillow-stock-price-could-crater-to-30-if-eiffel-tower-pattern-200607352
Zillow Stock Price Could Crater To $30 If Eiffel Tower Pattern
By Chris Kimble   |  Nov 04, 2021 09:51AM ET
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It’s been a rough run for Zillow Group (NASDAQ:ZG)… not only has the business struggled of late but it’s now seen its 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…

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.

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%?

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

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

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Comments (4)
YC Teng
YC Teng May 05, 2022 8:15PM ET
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6 months on and your prediction been spot on at the Tower! Kudos 🗼
Chris Johnson
Chris Johnson Nov 05, 2021 1:49AM ET
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I think there is a potential risk for going all way down here... And dip buyers might be burnt
Paul IllTradeThese
Paul IllTradeThese Nov 05, 2021 12:32AM ET
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Why not 0?
Josef Kohen
Josef Kohen Nov 04, 2021 9:01PM ET
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why not??
 
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