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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Old McChess Had a Farmville

chessNwine Fri Nov 15, 2013 12:38am EST 9 Comments

mafia-wars-parody-farmville-funny

And just like that, the laughable laggard Zynga is threatening the real-deal breakout.

The daily chart, first below, looks like it made a low on the “right side” of a technical base, which as I noted in my video market recap for Thursday can often be quite a bullish sign. Furthermore, the weekly chart, second below, shows how much pent-up demand may be sitting above $4.

The stock may need another day or two before the entry comes, but you can be sure it is firmly on my radar for the first time in a very long while.

A big shout to 12631 member @JPMorgains for reminding me of this one.

Drop me your top tickers overnight for Friday.

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ZNGA

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ZNGAW

 

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9 comments

  1. janri7
    janri7
    November 15, 2013 at 12:47 am

    NUAN LNTA DAN VCRA

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  2. ht7896
    ht7896
    November 15, 2013 at 1:11 am

    Chess not sure if you covered this but I’m seeing a large multi-year cup and handle for XOM going back to 2008

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    • chessNwine
      chessNwine
      November 15, 2013 at 1:13 am

      It would be a massive one, would prefer to see a smaller handle, tough. I know Buffett just took a big new stake in it.

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  3. JPMorgains
    JPMorgains
    November 15, 2013 at 1:15 am

    Thanks Chess!

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  4. JPMorgains
    JPMorgains
    November 15, 2013 at 1:17 am

    Love how it fits the lower right side base pattern!

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  5. BruceWizayne
    BruceWizayne
    November 15, 2013 at 1:18 am

    FSLR NFLX

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