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Will We See A Total Control By The Bulls In Zynga (ZNGA)? "Marubosu"

|Includes: Zynga (ZNGA)

Total control: bodies without shadows ("marubosu")

Sometimes a candlestick is all body and no shadow. It has no shadows extending from the top or bottom of the candle. The Japanese call them Marubozu, and they are difficult to find in a real market.

A white marubozu candle has a long white body and is formed when the open equals the low and the close equals the high. The white marubozu candle indicates that buyers controlled the price of the stock from the open to the close, and is considered very bullish.

From the current daily candle.. it seems like that might be the likely scenario.. though we are still 3 hours away from closing. This is a pretty rare occurence.. but even if it doesnt turn out that way.. it might likely be an bullish engulfing.. fingers crossed.


Happy Trading!