Trade idea:
Buy between $9, but lower the better.
stop loss at $8.30, based on $9 purchase.
Target is $10.50
R:R 2:1
Time frame: Weeks
Is it too late to jump into Zynga Inc(ZNGA)?
For the six months ended 30 June 2021, Zynga Inc revenues increased 64% to $1.4B. Net income totaled $4.8Mvs. loss of $254.2M. Revenues reflect Online Game: Mobile segment...
NASDAQ:ZNGA has quickly broken its levels and is moving in an upward channel. As long as momentum stays strong and bulls stay in control, ZNGA should have no problem reaching its next resistance levels. Things to watch are for a break in price channel and/or a break below the 100 SMA, this could be an early sign of reversal.
