ZAGG : next stop ? ZAGG made a good move upwards and I will be watching for a breakout above the 50 Weeks MA.
increasing volume in Weekly chart is considerable.
what is the next stop ? 6.00 or 3.50 ?
we will see.
( my personal view, this is not a trading advise )
ZAGG
ZAGG - MASSIVE GAP!! Accumulating for move up!!Just wow. I couldn't ask for much more. We need conformation but same time im scared it gaps monday honestly.
ZAGG 40% BOUNCEChart Analysis aside, there is a bidding war for Zagg with a reported offer of 9$. Zagg values themselves at least 10.50$ and want to close a deal by November. Potential for 40% gains within a couple of months here.
ZAGG price near to strong support lineZAGG price near to strong weekly support line. possibly will go long. wait for 123 pattern. I also watching this one .
Zagg Watching the trendI did an earlier Idea on this stock and noticed that my trendline and fib could have been off a bit (it's what happens when you've be staring at charts too long :-). I am watching this trend to see if it breaks and falls to previous levels of support or if it continues on its upward bullish path.
If it bounces, i will enter the trade at 20.00- 20.75
ZAGGThe Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month) early in the year.
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. (3.5x years low)
The current price is within 25% it's new high. (approximately with 10%)
The RSI: within the 30-70 range.
Zagg on its way back upIt is clear that value is building to the upside on this weekly chart. it is also a cup and handle too. Target is back up to $10 level.
ZAGG Cup and Handle Formation into EarningsIf earnings are good, it Should break out at $5.85. If not, depending on how low t goes there might be a small chance the formation will play out
