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It’s been a tough run for Zillow Group (NASDAQ:)… not solely has the enterprise struggled of late nevertheless it’s now seen its struggles hit the mainstream information.
For lack of a greater part, Zillow has change into a punching bag on social media. It’s home-flipping enterprise is taking big losses and, properly, issues simply aren’t good.
As you may think about, this has infiltrated its inventory worth. And as per regular, the inventory worth picks up on it properly prematurely…
Right here we have a look at a “weekly” chart of Zillow Group from Marketsmith.com and an ominous sample that took root a number of weeks in the past. Right here now we have a possible “Eiffel Tower” sample within the making with the fitting shoulder taking root in decline.
So how a lot decrease might Zillow inventory worth fall? Nicely, if the sample holds true to type, the inventory might fall to $30-$32.
Sure, the inventory has already stumbled huge time… however might it fall one other 50%?
Authentic Put up
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