Zynga Inc (ZNGA)

[brharris]

Yes the flag is upside down. This is a bearish sign and we could be in the middle of a dead cat bounce. The bears are currently in control with the 50 sma and 200 sma sloping downward.

I think ZNGA will need positive news to break the downtrend. 2.40 resistance has knocked the PPS down 5 times in the past two weeks. If 2.30 support doesn't hold I expect a new 52 week low. IMO