ZNGA Finding Range

NASDAQ:ZNGA is going to be interesting to watch over the next couple days. After a month and a half of trading down, ZNGA is finally showing some upside as it has broken out from its downtrend. The current diagonal price channel somewhat resembles a Bullish pendant or flag which could play out into a quick move into the 9.30+ range or it could consolidate and trade in its current channel. On the downside there is a gap on the day chart which was followed by a quick move up to 9.15, another key level to keep in mind.

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