Zynga

After its recent cost cuts, investors may finally believe in its turn around. This net cash firm simply couldn’t catch a bid for the longest time, but its recently been forming a bullish ascending triangle. Daily RSI is also supportive short term. If it clears 2.66 & stay above, then short term target is 3.00, followed by 3.40. The huge gap in July 2012 can only be filled via much stronger newsflow catalysts.

ZNGA110113

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