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ZNGA

The Gaming Trade - Video Game and Esports Stocks - September 1.0The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account. (Note this was created on 9/4/18) I will be publishing this bi-monthly. One short-form chart update and one long-form newsletter with chart updates. AMD: Price $25.17 This has been on fire! After completing an 11-year cup & handle it looks like it will need to cool down a bit -- especially because of the HUGE shooting star on the weekly chart. Look to buy the upcoming pull back and consolidation. This will be rolling once again soon enough. Based on the daily chart - look for a potential pull back to the 50SMA around $21.50 - however price is holding above the 9DEMA (not pictured). If you want to play the potential Bull Flag on the Daily - set a tight stop Just below $24 with a price target around $30 ATVI: Price $72.10 Activision-Blizzard has been in a rising channel since October '16. The stock peaked at the upper resistance line of $81.60 and pulled back to the lower support line. The stock will be in for some choppy trading for a while until the Weekly closes above$75.53 and the Monthly closes above$75.40 EA: Price $113.41 Electronic Arts is showing big weakness at the moment. The huge red candle on the monthly chart is resting on the SMA. This has been in a rising channel since November 2015 and is the first major break in either direction from it. If this doesn't bounce back the next area of support will be $105. Be careful, this has a falling knife quality to it at the moment. TCEHY: Price $43.14 Tencent is trending south right now. It is currently resting on the SMA of the monthly chart. After a huge hammer back the week of August 13th - price continued to fall and broke below the close of that hammer just two weeks later. Price needs to close back above $49.50-$50 area to change the current down trend. At the moment, a possible area of support could be found in the $36 area. ZNGA: Price $4.16 Zynga has been slowly moving within a rising channel since February of 2017. Price decisively closed above $3.99 on the weekly locking in the upward trend. It is probably too late to enter a trade as the target is $4.55. This is a stock worth following for the long term - I find the price movements to be reliable - for the time being. I'll try to do better the next time. Thank you & safe trading!
NASDAQ:EALong
by JDB667
ZNGA - Accumulation Event See the long term accumulation event unfolding in ZNGA Inc. We are currently in the process of backing up to the previous highs during phase C of the prior event. Zooming into the H1 there is a smaller -re-accumulation event occurring. This is a prime example of "an event within an event". In this case, We see the re-accumulation on the H1 act as the backup test for the accumulation event. If price can hold the 4.30 territory, long term uptrend target is 7.80 For detailed entry signals, join the discord - discord.gg
ZLong
by ColinGallaghere5
ZNGA blue sky's the limit?Great run and now consolidating at highs it hasn't visited in a loooong time. Moving averages have just crossed over into a bullish trend but still need some separation before truly showing a bullish longer term trend. The short term however is undoubtedly bullish. It has now formed a nice bull pole pattern... the question is, will Zynga go "BAZYNGA" or reject? I am bullishly biased in this case due to the trend and pattern but am not a fan of all time or long time highs...
ZLong
by daveslow84
A Boring Video Game Company ZYNGA, with more than 10 millions of volume traded today this share is still bearish, but maybe not for long, considering last year its performance raised more than 55%, so if this share is capable to soar until that level, well it means this year it could do it at 25% at least, so still there's room to play in. However it seems to be coming down to go up then, so here's the scenario for this boring stock of game developer. Have a Good Trading Week Cream Live Trading, Regards!
ZShort
by wildcreamlife
False Break to Head & Shoulders pattern? Waiting for breakoutThis oversold stock is trading inside a clear trading range for about a year: 2.8-.2.4 with bottoms near 2.2$ The Head & Shoulders pattern shown in the chart was triggered during August but the price ended up creating a False Break to the neck line (assumed to be the 2.4 support zone). If that's a False Break, we may expect $ZNGA to breakout on the other direction (meaning - up). It needs the support of the Market to breakout of the daily downtrend line and the 50 SMA line that comes with it. The initial signal should be a close above the fast SMA line (which hasn't happened yet!) If the price will close above 2.5 it may rally towards the 50 SMA line and the 200 SMA line as short term targets but if the price will breakout of the trend line, we can assume that eventually it will try and reach the top of the trading range near 2.8. The required stop loss here is about 20 cents right now (below 2.4$) but for those who seek longer term positions should place wider stop loss, below 2.2$. For the bears among you, a close below 2.4$ could trigger the H&S back again that may push the price below 2.2 towards 2.0-2.1$ to complete a bullish AB=CD pattern This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews - goo.gl To subscribe to the newsletters - goo.gl
ZLong
by themarketzone
ZNGA changing direction Last 2 days have been a great deal for ZNGA fans - summarized status 1) Volume is picking up on 2 days in a row with great price movements 2) MACD has room to grow and is in an uptrend. 3) Acc-Dist has changed direction from a lont-term low favouring accumulation 4) Recent low is higher than the previous low BUT 1) With this, ZNGA has some psychologic resistance levels @ 3.25 and @3.5 2) CCI and RSI reached their tops and favor some corrective changes before further upside. I expect some price correction with further upside within the year. Previous ER did gain valuation for the stock and with new management and decisions it may very well return ZNGA some stock price.
ZLong
by A-shot
2
Zynga [ZNGA] in a second down trendRecent actions put ZNGA in a paralel downtrend and touching the 200 DMA, an important level. There are some small triangles formed between the falling 20 DMA, the 200DMA and the trend resistance. going below 200 DMA would lead further sell-off. An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down trend resistance) - should the trend continue, the earnings would be a catalyst. But dipping below 200 DMA may possible change the picture as a whole.
Z
by A-shot
1