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.

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.

EURUSD analysis

The previous analysis on EURUSD ( http://markettechnicalview.blogspot.ro/2013/02/eur-usd-analysis-reversal-time.html ) pointed out a reversal on the daily chart as 3 main projections were targeting the 1.3700 area.

Here are some important support areas that will hold or even reverse the direction in case the dollar will regain confidence in the next days/weeks.

Apple vs. Samsung analysis

Both of the tech shares rose sharply since early 2009, APPLE reaching above 400% while SAMSUNG is at 290%.

In the majority of the time APPLE over-performed SAMSUNG but in the last five months the decline in the APPLE shares reversed the ratio.

I wonder if this is a sign of reverse in the investor's sentiment regarding the two largest tech companies in the world. If APPLE will fail to amaze its fans in 2013, than buying  SAMSUNG shares could be the perfect investment for those who want to keep their money in this sector.

Apple, Groupon update

It seems like the investor's sentiment has reversed yesterday, at least for the short term.

The EUR weakness and the news about Cyprus, Spain and Italy could reverse the markets.

Therefore, I am setting SL levels for:

•  AAPL at $437.00 ( http://markettechnicalview.blogspot.ro/2013/01/apple-technical-analysis.html )
• GRPN at $5.13 ( http://markettechnicalview.blogspot.ro/2013/02/groupon-time-for-rally.html )

EUR-USD analysis. Reversal time.

The daily chart of the EUR/USD cross reveals a bunch of clues for a mid-term reversal.

The strength of the Euro from late July until now has evolved in 3 waves (ABC structure) and it almost reached the 61.8% Fibonacci retracement of the  May 2011 - July 2012 swing down.

Moreover, there are 3 AB=CD scenarios on different time scales (blue, red and green lines on the chart) that are projecting the target in the same area 1.3655 - 1.3770.

In Friday's session the price formed a spinning top candle and today it seems that the bears are dominating. In case the EURUSD cross will close the day somewhere below  1.3600 level, than a bearish engulfing pattern will be created and we should look for a reversal.