1/8/21 Profits

Dec 16, 2020

9.42 is my next TP location. Based on the daily, its a clear ride to the 9.40 range, but if we look at the 4 hour below it appears we are going to retest the 9.00 range. I'm thinking that because the RSI in the shorter time frames are high, as well as the volume for "buys" dropped. One great thing helping the up trend is the EMA9 has crossed above the EMA20, and based on previous data that has always led to a stock price increase. ZYNGA just broke out this morning on news Wells Fargo raised the target price to 12.5, so that helped it break a 2 month resistance and tomorrow through Saturday should tell us if this resistance has changed to a support. I will be looking to enter more calls for further in 2021 if the 9.00 becomes support.