Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

Search This Blog

Thursday, March 28, 2013

Zynga - update

This is an updated chart of Zynga, where the price has moved down towards the main support of $3.30.
The volumes traded in the last few week were clearly lower than the volumes on the important breaks of resistances in the last months. This could be a clear sign of accumulation.

The moving averages are also showing a good support in the $3.30 area and the first target is in the $4.45 area.

The news are also very important for Zynga these days: the launch of poker gaming on-line in UK will make some noise in the market.