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!
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) seekingalpha.com
5. 34ma cross above 50ma
1. Buy within the Orange/Red line ...
The 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,...
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...
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...
Apps (including gambling ones like poker) are made by znga-- typically margins on companies like this are phenomenal
Passed some of my screeners a little while ago and I’ve been slowly accumulating
I added a significantly larger % today.
Feel free to join me riding this one up with a ~3:1 reward: risk :)
Zynga is a stock who is in the right business of mobile gaming. However to be successful in mobile gaming you need great content and constantly having new content. Supposedly there are games in production but nothing has been released officially. I think a correction will come after a slight higher price. That correction will continue until a new game or upcoming...
Currently Overbought with a strong uptrend; ADX over 31 with DMI + over 28 vs DMI - 9.
Entry / Support $4.00/$4.06/$4.09 Pivot $4.15 Resistance is $4.24/$4.3/$4.39/$4.41. I have entered this at $3.75 still looks bullish to me.
If you are looking to enter I would look to enter at around $4.06 to $4.15 and look for the up trend to continue.
Stop loss would be...