Zillow Group, Inc - bullish divergence

On the above 2-week chart price action has corrected over 80% since the sell signal last February. A number of reasons now exist to be bullish, a few of which are:

1) A buy signal prints.

2) Regular bullish divergence. Currently 10 oscillators are printing divergence on the weekly chart (below).

3) Support and resistance. The yearly chart (bottom - each candle = 1 year of data) is showing price action testing support on past resistance from 2017 through to 2019 @ $40. It is very likely to act as strong support.

Is it possible price action falls further? For sure.

Is it probable? Highly unlikely.

Ww

Weekly chart with bullish divergence

Annual chart - support

Zlecenie aktywne:

On support, safe long from here. Currently up around 15%.

Zlecenie aktywne:

Price action has now confirmed trend reversal on the macro. A new bull market for this asset is confirmed.

Zlecenie aktywne:

Support on past resistance confirmed.