There's a monster gap to fill above blue sky here. 60% up? Or, if you believe in Fibs, 1.618 of $30, today's price range. Any buyers, besides the strange CALL interest around 31-32? Makes me wonder.
Jun 14, 2019 0.16 0.13 0.15 0.20 1290 300 KHC 31
Jun 14, 2019 0.09 -0.01 0.05 0.10 639 490 KHC 31.5
Jun 14, 2019 0.05 0.10 688 600 KHC 32
When ZNGA is at the top, where does it go next? Earnings coming soon...
Do you buy the breakout or sell before earnings? I have more questions than answers.
Potential short covering rally in the mix. Does ZNGA make money selling ads on gaming? We'll see on May 1st.
43.2 million shares short (according to Yahoo) would take a couple of days' volume (avg. 17.5...
In answer to the question, where might it go next, I drew a series of Fibonacci patterns to find confluence at a potential top. I'm new to this publishing ideas thing, so bear with me... (no pun intended!)