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
Tuesday, March 12, 2013
Zynga - the good news and the technicals are converging
Here is a 4h chart of Zynga. After the good news regarding the on-line gambling in some US states and the good technical perspective, this stock could turn out to be a great investment for the following months.
The buyers overcame the level of $3.25, which seemed to be the most important resistance in the period December 2012 - February 2013.
The volumes are also playing an important role in a stock price and in this case we can obviously see a increase in the last couple of months.
The first target is at $4.50 but the potential is much higher.
Ja Solar is set for a rise
Ja Solar hold its support area ($4.25-$4.50) and now is trading slightly below the $5.00 level.
The volumes are confirming a rising scenario and the most important levels for the previous weeks are $4.25 as a support, $6.00 and $7.60 as resistances/targets.
The investors should bear in mind the date of 25 March when the company will post the earnins announcement.
Subscribe to:
Posts (Atom)