Technical analysis of ZNGAI think we have completed the zig zag correction as wave C is 1.618 times from A. Now it should start making impulse waves up.
ZNGA
ZNGA hitting its head against Daily Cloud $3.50 move potentialZNGA breaking free of the cloud on the 4hr...finding resistance on the daily. This is the path it can take to try and break free of the Dailys Cloud. Used Algo Key code to find same move where it was trying to break free of cloud and was under. Potential 3.50 Swing on a cheap stock.
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by iCantw84it
11.11.21
Shorting Zinga! ZNGAWe crashed through a major resistance and about to draw more zigzags. There is certainly plenty of time and space to do this. The Fibs are an ever vigilant pointer of probable goals.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
ZNGA shortStep 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
Zynga Inc (ZNGA) LongTrade idea:
Buy between $9, but lower the better.
stop loss at $8.30, based on $9 purchase.
Target is $10.50
R:R 2:1
Time frame: Weeks
Is it too late to jump into Zynga Inc(ZNGA)?
For the six months ended 30 June 2021, Zynga Inc revenues increased 64% to $1.4B. Net income totaled $4.8Mvs. loss of $254.2M. Revenues reflect Online Game: Mobile segment increase of 58% to $1.11B, Advertising and other: Mobile segment increase from $120.7M to $253.7M, United States segment increase of 63% to $848.2M, All other countries segment increase of 64% to $552.1M. (source: TradeStation Research)
Latest:
Stellar gaming company with great record, recently trading at discount
Buyers have been stepping up the last 3 weeks with no signs of slowing down while sellers are also declining
Missed consensus estimates on bookings recently, and also had decline in new player enrollment mostly due to Apple's recent changes in policy
Negative remarks above only affect the short term prospects of the stock, bullish long term
ZNGA - Unusual call flowZNGA - A video game maker recently reported bad earnings and guided lower next Q. Unusual call flow in Sept $8/9 calls and Oct $10 calls. The OI change for the sept $8 calls was 55,369. Bollinger bands are squeezing on 30min and 60 min. Look for a pop up/gap fill in next week or 2.
ZNGA: Consolidation is broken upwards.Consolidation has been broken upwards with the minimum target level around 13.20.
NEW POSITION $ZNGA Target 12.09 for 19.94% $ZNGA Target 12.09 for 19.94%
Or double position at 8.07
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
ZNGA STOCK 04/03/21 ANALYSIS 4H CHARTTREND ANALYSIS -
📑VALUE: 8/20
📈GROWTH: 18/20
💰PROFITABILITY: 16/20
🚀MOMENTUM: 14/20
💸EARNINGS: 8/20
🖇️TOTAL SCORE: 64/100
ZNGA going higher?Zynga's previous resistance around $9.50 in October and November last year turned into support at the start of this year. ZNGA spent the first three weeks of the year building support in the $9.50-$10.00 range before breaking higher. The stock is now in an established uptrend, but currently looks a little over extended. I'm expecting a slight pullback and some consolidation in the $11.00-$12.00 range before another leg higher can be attempted. However, as of Monday night after a long three day weekend, the shares are up about 2.5% to $11.90. If ZNGA opens below $12 and continues higher throughout the day, I anticipate another few dollars worth of gains in the coming weeks. However, if it breaks below previous resistance (current support) and closes below $11, the party could be over and a new downtrend could be on the way.
THE WEEK AHEAD: TWTR, TEVA, UA, UBER, ZNGA EARNINGS; MJ, SLVA little late to the game this week, but don't think I missed much.
EARNINGS ANNOUNCEMENTS IN UNDERLYINGS WITH HIGHLY LIQUID OPTIONS:
TWTR (53/84),* announcing Tuesday after market close.
TEVA (16/63), announcing Wednesday before market open.
UA (42/68), announcing Wednesday before market open.
UBER (11/59), announcing Wednesday after market close.
ZNGA (11/63), announcing Wednesday after market close.
Pictured here is a plain Jane 16-delta short put in TWTR in the March monthly, paying 1.48 at the mid price as of today's close with a 46.52 break even/cost basis if assigned, 3.18% ROC at max as a function of notional risk. If you're of a nondirectional bent, consider the March 19th 49/70 short strangle paying 3.00 or the 44/49/70/75 iron condor, paying 1.30.
Due to the obvious skew here, I'd also consider a double double, but it would require going ten wide on the call side due to only 5 wides being available on the call side in March at the deltas I'd want to camp out, so it's less than ideal: 2 x 42/2 x 47/70/80, paying 2.42, delta/theta 1.41/4.55.
EXCHANGE-TRADED FUNDS RANKED BY 30-DAY IMPLIED VOLATILITY:
MJ (74/89)
SLV (34/50)
ICLN (7/45)
JETS (7/43)
XRT (21/41)
EWZ (14/40)
XLE (18/38)
GDX (12/38)
BROAD MARKET RANKED BY 30-DAY IMPLIED VOLATILITY:
IWM (24/31)
QQQ (14/26)
SPY (10/21)
DIA (7/19)
EFA (13/18)
* -- The first metric is where 30-day lies relative to where it's been over the past 52 weeks; the second, 30-day implied.
Long | ZNGANASDAQ:ZNGA
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%
* It's a good buy opportunity right now, and it's ready to fly soon.
Zynga - targets reachedCheck my last ZNGA analysis. We re-buy ONLY if we break out. Sell and wait at this point
ZYNGA is a legendary game maker, ton of growth ahead.
$ZNGA Trend Based Fib ExtensionMy analysis: $ZNGA to break 200 MA. Target resistance levels at $9.50. 180 day pattern is forming a bull pennant. Reinforced by MACD and RSI levels.
Thoughts?
"I'm not an expert but I have watched a number of youtube videos"
NASDAQ:ZNGA
ZNGA is still holding its range while SPY is falling since 4 dayZNGA is still holding its range while
SPY is falling since 4 days
PTON should be a stronger stock than index
ZNGA UpdateNASDAQ:ZNGA has quickly broken its levels and is moving in an upward channel. As long as momentum stays strong and bulls stay in control, ZNGA should have no problem reaching its next resistance levels. Things to watch are for a break in price channel and/or a break below the 100 SMA, this could be an early sign of reversal.
