Recent actions put ZNGA in a paralel downtrend and touching the 200 DMA, an important level. There are some small triangles formed between the falling 20 DMA, the 200DMA and the trend resistance. going below 200 DMA would lead further sell-off.
An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down trend resistance) - should the trend continue, the earnings would be a catalyst. But dipping below 200 DMA may possible change the picture as a whole.
An interesting triangle forming leading up to the earnings date (formed from the floor of the pervious gap and the down trend resistance) - should the trend continue, the earnings would be a catalyst. But dipping below 200 DMA may possible change the picture as a whole.