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LionGate
2 mai 2019 17:35

Potential Formulation (PA) - Weekly Interval - ZNGA 

Description

Hello Successful Traders,

The stock (ZNGA) overall, presents a downward sloping curve. As investor sentiment has diminished within recent weeks (and months). Within today's trading cycle, however, acknowledges the uproar in investor confidence within the companies ability to generate profit (Revenue > Expenses) that will attract numerous individual's wallets. (Await Confirmation Prior to Entering Market PA).

Resistance Level 1 - (5.25 - 6.50) 1.25 cent interval

Key Price Zone (KPZ) - (4.00 - 5.25) 1.25 cent interval

Support Level 1 - (1.25 - 2.50) 1.25 cent interval

Furthermore, viewing the objective lens of the monthly (interval) chart presents that a potential breakout within consolidation (if PA is held above Resistance Level 1) is imminent.

Not Investment Advice. For Educational and Analytical Purposes Only. (Be Cognizant and Stick To Your Trading Plan)***

-LionGate
Commentaires
peromed2
Found the stock yesterday, it seems very interesting, I will definitely consider entering a long position when and if it returns to around 5.60 level.
Plus