ZDGE an advertising penny stock LONGZDGE stock price is up 150% in 3 months but can it continue. The analysts are projecting a
forecast of $ 7.00, The chart here is on a 15 minte time frame. Price broke out of consolidation
and got above the high volume area 3 weeks ago. ZDGE has quarterly earnings in two trading
days. This could easily be a quick intraweek swing trade expecting 10-50% as a profit for
the week. The call options for this Friday bought the past Friday morning did 285% for
the day. High ris hi reward it is the nature of the beasts that are penny stocks.
High rising volumes and rising relative strength lend support to immediately raising the
position. The caution here given the volatility is the mass index indicator whose signal line
has exceeded the threshold but not yet triggered. Volume and strength fell a little on the
Friday afternoon market close. I will add to the position but remain cautious that this might
cool down in a hurry on the earnings report.
Multimedia
$ATVI can rise in the next daysContextual immersion trading strategy idea.
Activision Blizzard, Inc., together with its subsidiaries, develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $75,56;
stop-loss — $73,31.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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ZYNGA INC - NASDAQ: $ZNGA Knocking On The DoorAfter breaking to higher ground in May on enormous volume, shares of ZYNGA INC - NASDAQ:ZNGA have found themselves building a high-level base, while working on its right-side with the stock now knocking on the door of a potential break-out to loftier levels as we can observe in the Daily chart above.
While a bit more work is required, we can see that ZNGA presently trades above all of its important moving averages 20/50/200 DMA's, which lends to a healthy technical picture.
In addition, when one extends out to the Weekly and Monthly time-frames, we can also witness that ZNGA remains in fine technical shape across multiple durations.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if ZNGA is capable of going topside of the $6.55 level and can 'stick', such development would likely trigger its next advance into and initial $8 - $10 zone objective with potentially loftier levels down the road.
****NOTE - ZYNGA NASDAQ:ZNGA Is Due To Report Earnings Next Week 7/31/19 After Market Close ****