This is a recent stock of interest, I believe we started looking at ZNGA over the weekend?
In any case, the long term charts and there aren't many in the 60 min range that look like this, look fantastic. There's a trend in nearly every timeframe I look at in ZNGA that is interesting.
ZNGA hourly in leading positive position which is one part of the trend, the shorter timeframes have more details, but the 60 min chart is a serious timeframe.
The 30 min chart shows the other trends in just about every timeframe, first the negative divergence on the open of the 25th and then a positive divergence in to the 31st and 1st, then at the top on the 2nd/5th there's no negative divergence and finally the current leading positive.
Here you can see all the trend on a 15 min chart, note in yellow, no negative divergence turning ZNGA down.
The 5 min chart, looks the same. I could keep going through the timeframes but they all look like this.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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