Zynga Inc (ZNGA)

[YazM]

I have been in and out of ZNGA since the IPO back in Dec. It has remained a great intraday/ST trade for me and I decided to load up again in the AH Friday. I believe the sell off is over and we should see a nice bounce or run before the Q results are released later in the week. As for the charts, they are very oversold and will receive some upward pressure so we should see some positive movement. In many cases like this, we can expect a hard bounce in the next few days especially if the Q results are hinted to be satisfying.