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jmalone1224
May 16, 2013 2:00 AM

$ZNGA taking the Bull by the horns 

Description

A lot going on, but it's not that bad:
Showing 2 channels, with 3 cloned, dotted lines: Resistance & 2 Supports.
Long-dotted line is additional support line.
Within the lines is the triangle break ZNGA took, then reversed the triangle.
Arrow showing new target for ZNGA to fill the big gap from the nose-dive it took at the end of 2Q '12.
It's on the way there, with good momentum since this uptrend started in Oct. 2012. @ 3.48 P/S it's not bad to pump it and dump it with a short, closing @ 3.17-3.20 just in case.
Comments
jmalone1224
5/30: Currently @ 3.43. ZNGA should soon surge upward through near term resistance to second resistance level @ ~4.00
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