work1411
Long

ZNGA - swing idea til next earning Nov

NASDAQ:ZNGA   ZYNGA INC
I like this chart for the following reasons:
1. ZNGA recently broke out of it's bearish trendline .
2. RSI and MACD is positive
3. Moving out of Ichimoku Cloud
4. Risk/Reward to earnings ( ZNGA earnings usually EPS is neg and REV is positive) https://seekingalpha.com/symbol/ZNGA/ear...
5. 34ma cross above 50ma

SWING IDEA:
1. Buy within the Orange/Red line (NOTE: set stop loss 5c below red line)
OR
DayTrade Idea:
1. Buy above Orange line (major resistance) - for breakout (NEEDS volume and watch the hourly chart).

REMINDER:
1. Set a Stop Loss and always honor it (I got burn a few times)
2. Trade with a plan
3. Scale out (take profits where you are comfortable)
4. Move your stops up

Good Luck and Happy trading!
8/4: I bought a few shares and will add if it holds support level . (SWING)
I'll daytrade only if there is signal with RSI/VOLUME on 5min and hourly chart.
Trade closed: stop reached: I sold Friday as it hit my stop.
Market has been bearish. I will look for another entry.
Trade active: Reentered HOD break - 10/9.
Comment: I'm daytrading today as there was news out, and ticker halted. Very volatile.
I will hold a few shares at break even. Basically, it has to remain above the yellow line.

Good luck!
Trade closed: target reached: 10/10 scaled out - took profits
10/11 stopped out at red line - closed trade.

10/19 ZNGA back to yellow line .. possible re-entry this week 10/22. Will wait for reversal to confirm (watch SPY/IWM)
10/10 scaled out - took profits
10/11 stopped out at red line - closed trade.

10/19 ZNGA back to yellow line .. possible re-entry this week 10/22. Will wait for reversal to confirm (watch SPY/IWM)
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