Last 2 days have been a great deal for ZNGA fans - summarized status 1) Volume is picking up on 2 days in a row with great price movements 2) MACD has room to grow and is in an uptrend. 3) Acc-Dist has changed direction from a lont-term low favouring accumulation 4) Recent low is higher than the previous low BUT 1) With this, ZNGA has some psychologic...
The picture seems to be at the same place it was so many times before. So many indications of the price going down, and not so many up....but may be it is different this time. Check the chart and Bet on your own will - Long period trend is being touched and previously price went lower - @ top of Bollinger bands - Price right now in the middle range of the...
Back to reality. QE3 effect is fading. No European QE yet. So the momentum is coming to an end. 16606 was and still is my benchmark and my top level. Therefore, based on indicators+ political environment, DOWI may progressively and smoothly cool down towards 16400 and 16000 as a first headline goal. Then after a technical correction at 16200, the second move may...