I like this chart for the following reasons:
1. ZNGA recently broke out of it's bearish trendline.
2. RSI and MACD is positive
3. Moving out of Ichimoku Cloud
4. Risk/Reward to earnings (ZNGA earnings usually EPS is neg and REV is positive) seekingalpha.com/symbol/ZNGA/earnings
5. 34ma cross above 50ma
SWING IDEA:
1. Buy within the Orange/Red line (NOTE: set stop loss 5c below red line)
OR
DayTrade Idea:
1. Buy above Orange line (major resistance) - for breakout (NEEDS volume and watch the hourly chart).
REMINDER:
1. Set a Stop Loss and always honor it (I got burn a few times)
2. Trade with a plan
3. Scale out (take profits where you are comfortable)
4. Move your stops up
Good Luck and Happy trading!
8/4: I bought a few shares and will add if it holds support level. (SWING)
I'll daytrade only if there is signal with RSI/VOLUME on 5min and hourly chart.
1. ZNGA recently broke out of it's bearish trendline.
2. RSI and MACD is positive
3. Moving out of Ichimoku Cloud
4. Risk/Reward to earnings (ZNGA earnings usually EPS is neg and REV is positive) seekingalpha.com/symbol/ZNGA/earnings
5. 34ma cross above 50ma
SWING IDEA:
1. Buy within the Orange/Red line (NOTE: set stop loss 5c below red line)
OR
DayTrade Idea:
1. Buy above Orange line (major resistance) - for breakout (NEEDS volume and watch the hourly chart).
REMINDER:
1. Set a Stop Loss and always honor it (I got burn a few times)
2. Trade with a plan
3. Scale out (take profits where you are comfortable)
4. Move your stops up
Good Luck and Happy trading!
8/4: I bought a few shares and will add if it holds support level. (SWING)
I'll daytrade only if there is signal with RSI/VOLUME on 5min and hourly chart.
أغلقت الصفقة: تم الوصول لوقف الخسارة:
I sold Friday as it hit my stop.
Market has been bearish. I will look for another entry.
Market has been bearish. I will look for another entry.
تم فتح الصفقة:
Reentered HOD break - 10/9.
أغلقت الصفقة: تم الوصول للهدف:
10/10 scaled out - took profits
10/11 stopped out at red line - closed trade.
10/19 ZNGA back to yellow line .. possible re-entry this week 10/22. Will wait for reversal to confirm (watch SPY/IWM)
10/11 stopped out at red line - closed trade.
10/19 ZNGA back to yellow line .. possible re-entry this week 10/22. Will wait for reversal to confirm (watch SPY/IWM)
I will hold a few shares at break even. Basically, it has to remain above the yellow line.
Good luck!