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ZNGA

The Gaming Trade - Video Game and Esports Stocks - September 2.0The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account. 9/16/18 AMD: Current Price: $32.72 ( first article in September $25.17) Earlier this month I wrote about AMD and noted the Bull Flag on the 4 hour that could take the stock to $30 -- Well it hit it. After a couple days of profit taking, the stock keeps on rolling. The Monthly and Weekly charts show no sign of slowing down either. We are in a little bit of chop on the daily but unless price closes below $25.61 on the weekly this could continue to climb. Daily: Weekly: Monthly: ATVI: Price $81.27 ( First article in September: $72.10) Well... Last time I said we were in for some chop, until price closed "above$75.53 on the weekly and the Monthly closes above$75.40." DID WE. Price shot up 11% since then. Price met the previous green candle high around $74 and volume pushed the stock bullish again. Right now price seems to be rounding over on the daily as it hits the previous high around $81.50. Price could pull back a bit on the daily as it loads up for another attempt at the top of the channel. The weekly Stochastic RSI signals that momentum is on the side. Take profits should we reach the top of the channel around $85. Daily: Weekly: Monthly: EA: Price $114.27 (First article in September: $113.41) Electronic Arts still looks to be in trouble. So far it seems that a descending wedge is forming on the Weekly and that means prices will continue to fall before any turn up. In the short term we may have a pop to the $118 area seen on the daily to confirm the resistance line of the wedge. But a move down is likely to follow. We may not find true support until the $92 area seen on the Weekly where a lower trend line can be theorized and the Weekly 200SMA (and Monthly 50SMA) would meet. If Price closes below $106.23 on the Monthly, EA will be trending down. Daily: Weekly: Monthly: HEAR: Price $18.91 Turtle Beach went on a tear this year starting in May (No doubt to the rise of steaming, esports and the explosion of Fortnite). Right now, the run is out of gas. Price is channeling down but we might see a short term bounce as we are at the support of the channel and testing the top of the ignition candle. Look for a possible short term bounce to the $22 area, but this would be a counter-trend move, so if you do, trade careful. If Price closes below $16.53 we will continue going down. Daily: Weekly: Monthly: MSFT: Price $113.37 Microsoft continues to chug along. Despite some chop of the daily chart it is at an all-time high. The chop should continue on the daily but this looks like it will continue rolling. Daily: Weekly: Monthly: NVDA: Price $276.43 Nvidia is very choppy on the weekly and daily charts but is otherwise slowly and surely trending up. Price would have to breach $239.63 before I would show any real concern for the stock. HOWEVER, price does seem to be leveling off based on the weekly, so upside may be limited. Daily: Weekly: Monthly: SNE: Price $59.44 Like so many stocks I am seeing in the market, Sony is starting to show signs of going parabolic. In other words, price may continue to rise and it may rise fast. Price gapped up and is testing a high we haven't seen since 2007. It is a bit of a ways to go before reaching the highs of '99/2000 but the next area we could see is the $84-85 area -- All three major charts are bullish. Daily: Weekly: Monthly: TCEHY: $Price 41.35 (First article in September Price $43.14) I love Tencent but this is just painful. Price continues to try to break down from the descending channel. (Daily) That $36 area I mentioned last time could still be support but I think this is going to be slog down to the $30 area where the Weekly 200SMA is trending. Daily: Weekly: Monthly: TTWO: Price $134.11 TakeTwo continues to operate within the rising channel and price is chopping on the daily. At the moment there isn't a good entry and no reason to exit. Daily: Weekly: Monthly: UBI: Price $95.68 Ubisoft is in a bit of a precarious position. Price is flat. The Daily and Weekly are trading sideways with a slight downtrend. Price fought back bullish last week on the Weekly. It needs to confirm by closing past the next two targets of $97.02 & $99.52 to really resume a bullish move. Price is stagnant at the top of the monthly but it would only be in danger if it closed below $79.60. Daily: Weekly: Monthly: ZNGA: Price $4.02 (First article in September Price $4.16) This looks like it should be covered by Ted Allen on Chopped. Two weeks ago it sabotaged all the momentum it was gaining and went choppy. Price seems to be turning back upwards but it needs to clear $4.23 on the weekly if it is going to re-gain that momentum. It doe seem that it will hit that $4.55 PT... eventually. Daily: Weekly: Monthly: Thank you!
ZLong
by JDB667
The Gaming Trade - Video Game and Esports Stocks - September 1.0The Gaming Trade The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account. (Note this was created on 9/4/18) I will be publishing this bi-monthly. One short-form chart update and one long-form newsletter with chart updates. AMD: Price $25.17 This has been on fire! After completing an 11-year cup & handle it looks like it will need to cool down a bit -- especially because of the HUGE shooting star on the weekly chart. Look to buy the upcoming pull back and consolidation. This will be rolling once again soon enough. Based on the daily chart - look for a potential pull back to the 50SMA around $21.50 - however price is holding above the 9DEMA (not pictured). If you want to play the potential Bull Flag on the Daily - set a tight stop Just below $24 with a price target around $30 ATVI: Price $72.10 Activision-Blizzard has been in a rising channel since October '16. The stock peaked at the upper resistance line of $81.60 and pulled back to the lower support line. The stock will be in for some choppy trading for a while until the Weekly closes above$75.53 and the Monthly closes above$75.40 EA: Price $113.41 Electronic Arts is showing big weakness at the moment. The huge red candle on the monthly chart is resting on the SMA. This has been in a rising channel since November 2015 and is the first major break in either direction from it. If this doesn't bounce back the next area of support will be $105. Be careful, this has a falling knife quality to it at the moment. TCEHY: Price $43.14 Tencent is trending south right now. It is currently resting on the SMA of the monthly chart. After a huge hammer back the week of August 13th - price continued to fall and broke below the close of that hammer just two weeks later. Price needs to close back above $49.50-$50 area to change the current down trend. At the moment, a possible area of support could be found in the $36 area. ZNGA: Price $4.16 Zynga has been slowly moving within a rising channel since February of 2017. Price decisively closed above $3.99 on the weekly locking in the upward trend. It is probably too late to enter a trade as the target is $4.55. This is a stock worth following for the long term - I find the price movements to be reliable - for the time being. I'll try to do better the next time. Thank you & safe trading!
NASDAQ:EALong
by JDB667
ZNGA - Accumulation Event See the long term accumulation event unfolding in ZNGA Inc. We are currently in the process of backing up to the previous highs during phase C of the prior event. Zooming into the H1 there is a smaller -re-accumulation event occurring. This is a prime example of "an event within an event". In this case, We see the re-accumulation on the H1 act as the backup test for the accumulation event. If price can hold the 4.30 territory, long term uptrend target is 7.80 For detailed entry signals, join the discord - discord.gg
ZLong
by ColinGallaghere5
ZNGA blue sky's the limit?Great run and now consolidating at highs it hasn't visited in a loooong time. Moving averages have just crossed over into a bullish trend but still need some separation before truly showing a bullish longer term trend. The short term however is undoubtedly bullish. It has now formed a nice bull pole pattern... the question is, will Zynga go "BAZYNGA" or reject? I am bullishly biased in this case due to the trend and pattern but am not a fan of all time or long time highs...
ZLong
by daveslow84
A Boring Video Game Company ZYNGA, with more than 10 millions of volume traded today this share is still bearish, but maybe not for long, considering last year its performance raised more than 55%, so if this share is capable to soar until that level, well it means this year it could do it at 25% at least, so still there's room to play in. However it seems to be coming down to go up then, so here's the scenario for this boring stock of game developer. Have a Good Trading Week Cream Live Trading, Regards!
ZShort
by wildcreamlife
False Break to Head & Shoulders pattern? Waiting for breakoutThis oversold stock is trading inside a clear trading range for about a year: 2.8-.2.4 with bottoms near 2.2$ The Head & Shoulders pattern shown in the chart was triggered during August but the price ended up creating a False Break to the neck line (assumed to be the 2.4 support zone). If that's a False Break, we may expect $ZNGA to breakout on the other direction (meaning - up). It needs the support of the Market to breakout of the daily downtrend line and the 50 SMA line that comes with it. The initial signal should be a close above the fast SMA line (which hasn't happened yet!) If the price will close above 2.5 it may rally towards the 50 SMA line and the 200 SMA line as short term targets but if the price will breakout of the trend line, we can assume that eventually it will try and reach the top of the trading range near 2.8. The required stop loss here is about 20 cents right now (below 2.4$) but for those who seek longer term positions should place wider stop loss, below 2.2$. For the bears among you, a close below 2.4$ could trigger the H&S back again that may push the price below 2.2 towards 2.0-2.1$ to complete a bullish AB=CD pattern This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews - goo.gl To subscribe to the newsletters - goo.gl
ZLong
by themarketzone
ZNGA changing direction Last 2 days have been a great deal for ZNGA fans - summarized status 1) Volume is picking up on 2 days in a row with great price movements 2) MACD has room to grow and is in an uptrend. 3) Acc-Dist has changed direction from a lont-term low favouring accumulation 4) Recent low is higher than the previous low BUT 1) With this, ZNGA has some psychologic resistance levels @ 3.25 and @3.5 2) CCI and RSI reached their tops and favor some corrective changes before further upside. I expect some price correction with further upside within the year. Previous ER did gain valuation for the stock and with new management and decisions it may very well return ZNGA some stock price.
ZLong
by A-shot
2
Zynga [ZNGA] in a second down trendRecent actions put ZNGA in a paralel downtrend and touching the 200 DMA, an important level. There are some small triangles formed between the falling 20 DMA, the 200DMA and the trend resistance. going below 200 DMA would lead further sell-off. An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down trend resistance) - should the trend continue, the earnings would be a catalyst. But dipping below 200 DMA may possible change the picture as a whole.
Z
by A-shot
1