Short
ZNGA short
Step one ZNGA broke trend line
Step two Znga never foud support on the 200d moving average.
Step Three ZNGA rejected by the 200 moving average
Step 4 well short.
Step 5 well next major resistance not tested is close to 5.70
Not financial advise. Just practicing and logging to see acuracy and possible P&L by DEC 17th. Also RSI is under 20 so in bearish control zone
Step two Znga never foud support on the 200d moving average.
Step Three ZNGA rejected by the 200 moving average
Step 4 well short.
Step 5 well next major resistance not tested is close to 5.70
Not financial advise. Just practicing and logging to see acuracy and possible P&L by DEC 17th. Also RSI is under 20 so in bearish control zone
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