jmalone1224
Long

$ZGNX brewing up a play

BATS:ZGNX   ZOGENIX, INC
285 1 1
I've been watching Zogenix             for months now, and after a few weeks it just looked as if it was too far gone for anything to happen; a lost cause. Taking another look at ZGNX             today, looking back at what happened, I think its finally got something in the works and a breakout in the pipeline. But, hey, I could be wrong. Looks like it's going to have some support at 1.46, following the downtrend for 49 days until it reaches the inside angel. Then, that's when we pray for it to break loose. If we get a close below 1.46 it would essentially be the same play at 1.21, but take about twice as long (~100+ days).
Loaded new bars (2, Tues.) and it looks like ZGNX is following the shorter path to the wedge (so far). Will keep an eye on this one
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