Also announced at Zynga Unleashed: 1) A public API that gives third-party developers access to...


Also announced at Zynga Unleashed: 1) A public API that gives third-party developers access to the Zynga With Friends network, as well as to Zynga's cloud infrastructure. 2) The Ville, a Facebook game that bears a strong resemblance to EA's The Sims Social. 3) A restaurant game called ChefVille. 4) A promise that FarmVille 2 will be coming soon. Zynga (ZNGA -5%) sells off on the news following a big rally likely aided by short-covering. (live blog)

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  • aarc
    , contributor
    Comments (3671) | Send Message
     
    This was ZNGA TA as of March 22:

     

    Before: http://bit.ly/MyKXaM

     

    Now: http://bit.ly/MZlWkD

     

    I started buying ZNGA at the 127.2% to the 138.2% potential Fibo Extension Reversal Levels.

     

    For late-comer contrarian traders there are several possible Trading Strategies for new entries and/or to add more positions:

     

    1. Use the potential Inverted Head and Shoulders Pattern illustrated with orange lines with entry at the $5.50 area after 3 days run down starting today for symmetry with the 3 days down of left shoulder;

     

    2. Usual bottoming process results in deep pullback after a strong bounce thus 61.8% pullback ($5.38) to 79% ($5.11) can still be in the cards ignoring the potential Inv-HnS Right Shoulder Support of $5.50;

     

    3. Enter long on a break above the ii-iv Blue TestLine or above the Neckline Resistance (upper orange line);

     

    4. Major Resistance is $7.97 thus it is imperative to take some profits if and when that resistance got tested;

     

    5. Add more longs or initiate new ones (for Conservative or Cautiously Bullish Traders) if and when ZNGA is able to re-mount the $7.97 resistance (preferable after a strong run up then a pullback back to the $7.97 level).

     

    Hard Stop Loss is SOP below the v-th wave level. Use some Trailing Stops along the way if ZNGA goes into a corrective rally mode to preserve some paper profits - just in case ZNGA is actually a LEMON instead of a Lemonade.
    26 Jun 2012, 07:11 PM Reply Like
  • aarc
    , contributor
    Comments (3671) | Send Message
     
    Check out statistical studies of IPOs.

     

    Majority proved to be be highly profitable on at least several years hold after IPO.

     

    But then again, majority of more recent IPOs (specially tech stocks) went down first after IPOs before going up.
    26 Jun 2012, 07:40 PM Reply Like
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