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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.



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