A-shot

ZNGA changing direction

Long
NASDAQ:ZNGA   None
Last 2 days have been a great deal for ZNGA fans - summarized status
1) Volume is picking up on 2 days in a row with great price movements
2) MACD has room to grow and is in an uptrend.
3) Acc-Dist has changed direction from a lont-term low favouring accumulation
4) Recent low is higher than the previous low

BUT
1) With this, ZNGA has some psychologic resistance levels @ 3.25 and @3.5
2) CCI and RSI reached their tops and favor some corrective changes before further upside.

I expect some price correction with further upside within the year. Previous ER did gain valuation for the stock and with new management and decisions it may very well return ZNGA some stock price.

Idées en relation

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