[isatrader]

I last mentioned ZNGA back on 25th September as it was attempting to make a Stage 2A breakout, which it did manage to do. However, it immediately reversed the following week and has drifted lower back into the Stage 1 range for the last four weeks.

Yesterday was it's earnings announcement which were better than expected and has seen it trading up near the top of the Stage 1 range near $4 overnight and in the pre-market. So ZNGA could make another attempt at a Stage 2A breakout today, and I'd want to see a strong weekly close above 4 for confirmation.

Attached is the charts.