Short
ZNGA 1/6/2022
Updated
ZNGA – After being in an uptrend that stretched from Feb. ’19 thru Feb. ’21, Price entered a Distribution Phase supported by 9.86 level. Price broke down from this level in Aug. ’21 and a Death Cross further confirmed the bearish market. Price then entered a downtrend respecting 50ema.
Price has bounce off 50ema. Entering trade with stoploss just above 50ema.
Entry: 6.09
Stoploss: 6.90
Target: Trailing 50ema
Price has bounce off 50ema. Entering trade with stoploss just above 50ema.
Entry: 6.09
Stoploss: 6.90
Target: Trailing 50ema
Note
waiting for pullback to exit
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