US Stock In Play: $ZG (Zillow Group Inc)

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ZG exhibited a well respected trend channel since April 2020, a significant 8 months duration. It underwent a technical sell off of -15.76%, on 9th November 2020, with price action being resisted at its upper trendline.

The exhaustion of the selling was witnessed during the afternoon session of 10th November 2020, with ZG closing the day with a Bullish Reversal Hammer Candlestick Pattern (highlighted), coinciding with the lower band support of the trend channel.

The continuation of this all time high breakout rally is likely to see ZG test its upper trendline resistance at $135.00 in the upcoming week.