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Zynga, Inc. Message Board

  • balastona balastona Jan 5, 2013 10:59 AM Flag

    ZNGA: For the first time EVER since going public

    OTHER THAN A GLASS BALL SHOWING TH FUTURE, THIS IS AS CLOSE AS IT GETS:

    For the first time ever in its public history, The stock is trading and closed above the 50 and 100 day moving averages on heavy volume.
    The stock based for 5 months
    It was sold as one of the losers of 2012, as a matter of fact oversold and forgotten.
    The financials and internals of the company support a higher level as does the chart.
    This is not a one day event.
    Friday's move was significant and confirmed the technical rise up.
    In situations like this a consecutive one month move continuously upwards is realistic as the stock catches up with fundamentals and those who sold early have sellers remourse and buy back
    The stochastics just started rising to bullish and should rise through next week into the 80s making it very bullish. Once momentum changes on stochastics it keeps on going until tops out
    Short term indicators have turned very bullish and should drag the long term oes into bullish next week on even stronger momentum
    Bollinger bands were extremely tight and are beginning to open up which indicates a very strong upward movement coming
    Every day of collective upward movement should be stronger than the next and more sustainable until the stock finds a comfortable level to consolidate which is indicated to be in $4.50-$5 range
    Relative strength is rising after months of no action and so is money flow.
    The short level is extensive but most importantly a large number of call options have been sold for cheap. The sellers of these call options will mostly have to buy long the actual stock

    Sentiment: Strong Buy

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ZNGA
3.01+0.12(+3.97%)Sep 2 4:00 PMEDT

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