asdf098

$Z good entry point (3/5)

Long
NASDAQ:Z   Zillow Group, Inc.
Conviction: 3/5
  • retesting MT (2016) support
  • RSI-W at oversold levels with possible bullish divergence
  • Growth is still good
  • P/S levels pretty reasonable

Risks
  • support was broken in 2020
  • Short history, does not cover last recession
  • negative FCF
  • slightly below historical equilibrium zone

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.