Still Like ZNGA for at least a speculative long

ZNGA is another stock that has had plenty of gaps down on big volume providing the two things needed to accumulate, supply and cheap prices and that's exactly what looks like has been going on in ZNGA.

 ZNGA change in trend

 Gaps down on volume, traders are too predictable where they will place orders/stops.

 4 hour chart from a leading negative to confirmation of the downtrend to a leading positive divergence.

 15 min chart shows positive divergences at the gap down areas


 10 mi chart does the same, and even shows small distribution to turn ZNGA back down in to the accumulation zone.

 The same on the 5 min chart with a recent gap and stop level hit with positive divergences.

 3 min chart leading positive


Same with the 2 min chart.

I featured ZNGA last week, but I'll likely be looking for an area to open a long position tomorrow.