*******YOU NEED TO MOVE FAST IN THIS STOCK, ITS ATTRACTING A LOT OF ATTENTION, ALREADY ON A ROLL AND VERY BULLISH SETUP********
Zynga Inc is a US-based company that develops, markets, and operates social games as live services played on mobile platforms, such as iOS and Android, and social networking sites, such as Facebook. Zynga generates revenue through mobile...
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....
Having easily outperformed Tencent and Netease, confidence is high going into earnings. The stock price is ready to make a breakout above resistance from 2014 , fueled by increased revenue partly from hit game
‘Empires & Puzzles’ which could be over 30% of total revenue. It is a risky stock given the high P/E ratio but we will see if growth can catch up with the...
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!)
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 ...