Chart Review: Zynga Holds Firm

On a big down day in the general stock market, Zynga (ZNGA) managed to gain a fraction of a percent today. The stock punctured support from the current uptrend line but quickly bounced back. Although the stock now needs to clear fresh all-time highs to invalidate the bearish “abandoned baby top” I pointed out yesterday, today’s performance should encourage Zynga bulls.


Zynga holds support from the uptrend line
Zynga holds support from the uptrend line

Be careful out there!

Full disclosure: no positions

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