ZNGA is working on a base. In probably few days trading more details will be revealed. It broke the downtrend line and retesting it. For the next 2 days is on neutral color and it will probably go long.
Approaching the first trgt and looking like forming a base 2.70-3.27 and it could be that the price will stay within for sometime. So 3.27 is kind of magic level.
A-shot
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Indeed...but last two days signal a buying momentum - similar to april's move - i think some more upside may be in play before cooldown. made a rebound :) was lazy to post it yesterday but decided i should now :_)
sublimares2
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thank you for the heads up 2use. I just do not believe zznga BEING CAPABLE OF rising above 3.27 for now. If today opens with a gap up then it could be hope for b/o but other way no.
A-shot
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Indeed, today would be a long shot - 3 days in a row. But, i suspect it is in the cards in near future. hence i draw the bluish line down as it needs a small correction at least
A-shot
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..and we got a huge one
sublimares2
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There we go- small steps and in the right direction It needs to prove some more commitment to the latest move. I have spotted a tiny Be Butterfly- so far so good for now
A-shot
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Sold that day actually..and turned out a good stop loss point