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ZNGA

ZNGA Melting UpThrough the pandemic it has been no secret that video game stocks like ATVI and EA are very strong performers since so many people are stuck at home. But you don't hear much about ZNGA, even though it fits the same mold and has been on a great run lately. On top of that, they made a great acquisition lately which will grow the user base and demonstrates management's hunger for growth. IMO the chart is looking very bullish and currently melting up towards $10. Positions: Have been holding the 1/15/21 $10c since the stock was $7.50 in late April. Currently up 100% and gaining. Target: sell when ZNGA hits $11 region - expecting in Q3. Depending on price action I might hold 1 contract to actually exercise. I like the long term story too. Reassess if turns decisively back to $8ish
ZLong
by ZChartDoc
3
ZNGA Pullback Then Headed to $10.6?These are my thoughts based on Elliot waves and Fib levels/targets. I have an extension on the initial wave then a retracement on the big move up after their most recent acquisition. I think it definitely has the opportunity to soar past $10.6 once we get the pullback but that is my target once we pullback to $8.6. They just recently had a acquisition that people are very bullish on, and multiple PT raises. What do you guys think? I'm new to this so advice is appreciated.
ZLong
by Nick177
1
Zynga Stock Price: Intraday Analysis and Bullish Bias….Conclusion for today’s Zynga Inc Intraday analysis: Bullish momentum is expected to continue with a minimum price target of 6.65. An intraday timeframe (6 hour) candlestick chart of Zynga Inc. is presented in today’s analysis.The uptrending action in price since November 2018 is highlighted with the use of a bullish trendline. The 50 moving average and 200 moving average (MA) are also used for the purpose of following the current bullish trend. Zynga (ZNGA) reached a price peak of 6.62 on August 1, 2019 that was followed immediately by a sell off. The ensuing selloff after the August 1 peak did close below the 200 MA, which implies a bearish bias. However, the trendline as drawn indicates the selloff consolidating and successfully testing the long term trendline. Evidence of a successful test at support (long term trendline) includes bottoming price action (i.e. consolidation) and lack of continuation of downside market action. Also worthy of note is the formation of what is rather known as a rectangle bottom chart pattern (not shown here) at the long term trendline that lasted between August 16, 2019 and September 13, 2019 that saw price action break out of the pattern to the upside. Zynga close the day at 6.04 which on the 6 hour timeframe is trading right under its 200 moving average. Continuation after breakout from the rectangle bottom chart pattern (ideally bearish) would require Zynga Inc. (ZNGA) to trade and also close above its 6 hour timeframe 200 moving average. 5.51 and 5.66 provide a support zone for price which also coincides with its long term trendline. Lack of a break above the 200 moving average could see price return to the aforementioned support zone. A break below 5.51 implies resumption of bearish momentum and further lower prices to be anticipated. The minimum target for the current bullish analysis for Zynga is 6.96 with 7.35 and even 8.49 representing higher price targets or levels.
ZLong
by Coin_Analyst
ZYNGA INC - NASDAQ: $ZNGA Knocking On The DoorAfter breaking to higher ground in May on enormous volume, shares of ZYNGA INC - NASDAQ:ZNGA have found themselves building a high-level base, while working on its right-side with the stock now knocking on the door of a potential break-out to loftier levels as we can observe in the Daily chart above. While a bit more work is required, we can see that ZNGA presently trades above all of its important moving averages 20/50/200 DMA's, which lends to a healthy technical picture. In addition, when one extends out to the Weekly and Monthly time-frames, we can also witness that ZNGA remains in fine technical shape across multiple durations. Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if ZNGA is capable of going topside of the $6.55 level and can 'stick', such development would likely trigger its next advance into and initial $8 - $10 zone objective with potentially loftier levels down the road. ****NOTE - ZYNGA NASDAQ:ZNGA Is Due To Report Earnings Next Week 7/31/19 After Market Close ****
Z
by OptionsGains