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Zynga (ZNGA) --> Buy On Dips; Possible Selling Climax

|Includes:Zynga (ZNGA)

Why consider having ZNGA in your portfolio?

1) Risk & Rewards

--> We have a base support at $3.00 and a sharp spike reversal at $2.50. And the longer it holds this "rounded base" , the stronger the perceived support (accumulation by those who knows) for ZNGA.

2) Extreme pessimism (at least it seems)

--> There seems to be no good news coming out from this counter, no visible and constant coverage and upgrades and every single news is saying Sell, sell, Sell.

3) Technical indicators showing bullish divergence

Declining volume on the past few days with declining prices
Steepest resistance line broken

Momentum showing signs of divergence

I Let's see how it pans out the next few weeks.

Happy Trading!

Tat soon

(click to enlarge)Click to enlarge

Stocks: ZNGA