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.
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.
