$Z - RC -
Added 2024-05-11 17:29:19 +0000 UTCZillow has had a difficult number of years and high interest rates have not helped the housing sector.
Margins are not strong and the chart is showing a consolidation in this blue line range for the last 2 years.
I am not seeing an impulse wave forming here either and the price continues to drift lower and likely going to test the last Fib at $37.
If the red line is not held, then I expect a test of the blue line which has been an historical support line since 2019.
This is not something I would be considering or recommending right now.
