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hotatsoon
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Tat Soon Ho, a professional equity trader for a Global Bank based in Singapore specializing in US equities for the past 4 years and currently completing his CFT (Certified Financial Technician). Prior to my current role, i spent about 6 years in the area of Wealth Management focusing on... More
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  • ZYNGA (ZNGA) ---> A Breakout Ready To Unleash Itself (BUY) 3 comments
    Jun 17, 2014 2:57 PM | about stocks: ZNGA

    ZYNGA (NASDAQ:ZNGA) is forming a very interesting pattern..

    Testing the steepest daily resistance line and any closing above $3.20 might trigger an upward move easily towards $4 and upwards..

    An extreme selling exhaustion COULD have been seen on 5th June and there are signs of Bullish divergence across almost all indicators.

    Aggressive traders can consider opening positions with cut loss below $2.98 and look for re entry if it does break.

    Of course, ideally you can wait till it is nearer $3 before opening your first position.. but i am not sure if that will happen.

    This might be a little pre mature.. but well.. 1/3 or 1/2 your usual positions first might be good.

    Cheers!

    Happy Trading!

    TS Ho

    Themes: reversal Stocks: ZNGA
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Comments (3)
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  • noChinesestock
    , contributor
    Comments (70) | Send Message
     
    whatever,my cost is $3.45,no win no sell,the chance of up much more than down.
    17 Jun 2014, 05:04 PM Reply Like
  • hotatsoon
    , contributor
    Comments (31) | Send Message
     
    Author’s reply » hi no worries about it. i am looking at the short term charts (1 & 3 min) seems like very effective and systematic accumulation of ZNGA, i am pretty sure your 3.45 will be blown past in no time! :)

     

    cheers
    TS Ho
    18 Jun 2014, 10:01 AM Reply Like
  • hotatsoon
    , contributor
    Comments (31) | Send Message
     
    Author’s reply » i will be happy to open another 1/3 positions today at current 3.09
    19 Jun 2014, 09:55 AM Reply Like
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