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ZG Zillow Group Trade Idea With Price Targets

ZG (Zillow Group Inc) offers an objective short entry following this rejection off the backtest of the 40.30 former support, now resistance level. The price targets are T1 at 36.68 & T2 at 32.88 with a suggested stop on any move above 41.15. The suggest beta-adjustment is 0.90.

ZG daily Sept 6th

ZG daily Sept 6th

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2017-10-19T14:03:09+00:00Sep 6, 2017 12:01pm|Categories: Completed Trades - Short|Tags: |2 Comments

2 Comments

  1. gnmaker3 September 6, 2017 11:36 pm at 11:36 pm

    Is this official?

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    • rsotc September 6, 2017 11:46 pm at 11:46 pm

      Yes, Zillow is an official trade. The optimal entry is anywhere from 38.84 up to the bottom of the May 4/5 gap at 40.34.The first decent support level is 38.00 so if & when that level is taken out, the odds that ZG will hit T1 will increase considerably.

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