Traders, This stock has been on my watchlist for a while. I was looking to play 2 scenarios. Buying a dip into 3.20$ or buying the continuation breakout higher. Now we have a close above the upper wedge line. From a technical perspective an entry with a tight stop seems reasonable. Check out the fundamentals of this stock.
Good luck.
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I dont like this position anymore, i may be wrong in closing, but it seems to be failing to break 4$ for now. I want to take out a little bit of risk and so thats why i am closing the complete position on breakeven.
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Hi traders, Not going to post a new idea, so adding to this one. As you can see zynga is still edging slowly higher. After forming the triangle it formed a trend continuing flag pattern. I entered around 4$ with a stop below 3.60$ targeting for now 4.65$ and possibly a move into 5$. Also notice how the bulls are able to hold above the big trendchannel.