Wednesday, January 30, 2013
Facebook, Zynga, NVDA, CHK, JBLU
1) Today's volume is less than yesterday. So, there are fewer profit-takers than speculators jumping on the boat yesterday
2) Today's low is higher than yesterday's one and today's higher is lower than yesterday's one. So, there could be a flag pattern coming up.
3) RSI did not reach overbought level yesterday
Even though I still long ZNGA, my outlook for ZNGA is very mixed. I have put a stop at $2.40 just to prevent extensive loss from this volatile stock.
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Gary Investing Blog