Friday, February 15, 2013

ZNGA Charts

Truth be told, even when I'm full on bearish, I prefer to be 75% short and 25% long in quality longs, not just any long.

The first half of ZNGA was closed at a 43% gain or so, I thought we'd get more so left the rest open.

Current position-what's left of it, still a 41% gain

 Beautiful chart on my X-over system, ZNGA has a lot more upside in the coming months

 After a break out, the first pullback is ALMOST ALWAYS to the 10-day sma, RSI is fine, as is my custom indicator.

 The daily positive, beautiful.

Here's the negative for the pullback and the positive on the pullback, this is why I think it runs 1 more time before a bigger pullback

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