Zynga wedge breakout

13 thg 9, 2017

Traders,
This stock has been on my watchlist for a while.
I was looking to play 2 scenarios.
Buying a dip into 3.20$ or buying the continuation breakout higher.
Now we have a close above the upper wedge line. From a technical perspective an entry with a tight stop seems reasonable.
Check out the fundamentals of this stock.

Good luck.

26 thg 9, 2017

Ghi chú

I dont like this position anymore, i may be wrong in closing, but it seems to be failing to break 4$ for now. I want to take out a little bit of risk and so thats why i am closing the complete position on breakeven.

26 thg 9, 2017

Giao dịch được đóng thủ công

22 thg 11, 2017

Giao dịch đang hoạt động

Hi traders,
Not going to post a new idea, so adding to this one.

As you can see zynga is still edging slowly higher.
After forming the triangle it formed a trend continuing flag pattern.
I entered around 4$ with a stop below 3.60$ targeting for now 4.65$ and possibly a move into 5$. Also notice how the bulls are able to hold above the big trendchannel.

Thought to share.
Blessings to you all.