Short
ZNGA 1/6/2022
ZNGA – After being in an uptrend that stretched from Feb. ’19 thru Feb. ’21, Price entered a Distribution Phase supported by 9.86 level. Price broke down from this level in Aug. ’21 and a Death Cross further confirmed the bearish market. Price then entered a downtrend respecting 50ema.
Price has bounce off 50ema. Entering trade with stoploss just above 50ema.
Entry: 6.09
Stoploss: 6.90
Target: Trailing 50ema
Price has bounce off 50ema. Entering trade with stoploss just above 50ema.
Entry: 6.09
Stoploss: 6.90
Target: Trailing 50ema
Note
waiting for pullback to exit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.