Nice double bottom in play here with the stock now at a 6 month trading high. Momentum has been building nicely and it looks poised to break out. There are also some buyout rumors swirling around.
Zynga has been in a bull flag or descending channel structure for the better part of 4 months. Zynga has received some notable buzz around some of their recent business acquisitions. Looking at the chart, we see bullish divergence on the RSI, Momentum indicator, and a bullish MACD cross signaling a change in trend. A close above the channel EQ could trigger a move...
NASDAQ:ZNGA make or break moment for Zynga. Either bounce off blue line to the stratosphere or get your shovel out and start digging a channel to China. #zynga #gaming
NASDAQ:ZNGA is going to be interesting to watch over the next couple days. After a month and a half of trading down, ZNGA is finally showing some upside as it has broken out from its downtrend. The current diagonal price channel somewhat resembles a Bullish pendant or flag which could play out into a quick move into the 9.30+ range or it could consolidate and...
Through the pandemic it has been no secret that video game stocks like ATVI and EA are very strong performers since so many people are stuck at home. But you don't hear much about ZNGA, even though it fits the same mold and has been on a great run lately. On top of that, they made a great acquisition lately which will grow the user base and demonstrates...
Classic ascending wedge is a big bearish sign. Note that on MACD and RSI the lower highs with each price high. I am expecting a drop to around the $6.00 mark before the year ends.
Conclusion for today’s Zynga Inc Intraday analysis: Bullish momentum is expected to continue with a minimum price target of 6.65.
An intraday timeframe (6 hour) candlestick chart of Zynga Inc. is presented in today’s analysis.The uptrending action in price since November 2018 is highlighted with the use of a bullish trendline. The 50 moving average and 200...
Zynga tried to break out of its downward channel today and met strong resistance around $5.80
The stock should fall to the 200 dma in the next week or so.
Price target $5.20
Zynga earnings come out next week, and are expected to grow! The Megalodon indicator is giving us a buy signal! The Megalodon combines 540 buy setups on top of 2000 indicators with an AI to produce highly accurate buy signals! It is a very powerful tool, and the only technical indicator you will ever need. Send me a message to find out how to use it for yourself!
ZYNGA, with more than 10 millions of volume traded today this share is still bearish, but maybe not for long, considering last year its performance raised more than 55%, so if this share is capable to soar until that level, well it means this year it could do it at 25% at least, so still there's room to play in. However it seems to be coming down to go up then, so...
Traders,
This stock has been on my watchlist for a while.
I was looking to play 2 scenarios.
Buying a dip into 3.20$ or buying the continuation breakout higher.
Now we have a close above the upper wedge line. From a technical perspective an entry with a tight stop seems reasonable.
Check out the fundamentals of this stock.
Good luck.
Zynga seems like a pretty safe bet as far as buying a hundred or a couple of hundred shares go. I would stay in above the bottom blue line, setting as stop loss possibly once it hits 2.81 @ 2.79 or 2.8. I would get out by about 2.9
