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/symbol/ZNGA/earnings 5. 34ma cross above 50ma
SWING IDEA: 1. Buy within the Orange/Red line (NOTE: set stop loss 5c below red line) OR DayTrade Idea: 1. Buy above Orange line (major resistance) - for breakout (NEEDS volume and watch the hourly chart).
REMINDER: 1. Set a Stop Loss and always honor it (I got burn a few times) 2. Trade with a plan 3. Scale out (take profits where you are comfortable) 4. Move your stops up
Good Luck and Happy trading! 8/4: I bought a few shares and will add if it holds support level. (SWING) I'll daytrade only if there is signal with RSI/VOLUME on 5min and hourly chart.
Trade chiuso: stop raggiunto
I sold Friday as it hit my stop. Market has been bearish. I will look for another entry.
Trade attivo
Reentered HOD break - 10/9.
Nota
I'm daytrading today as there was news out, and ticker halted. Very volatile. I will hold a few shares at break even. Basically, it has to remain above the yellow line.
Good luck!
Trade chiuso: obiettivo raggiunto
10/10 scaled out - took profits 10/11 stopped out at red line - closed trade.
10/19 ZNGA back to yellow line .. possible re-entry this week 10/22. Will wait for reversal to confirm (watch SPY/IWM)
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