ZNGA, Zynga


I have no idea what these guys do for a living and if it wasn’ for the Facebook IPO I would probable not have paid any attention. It is a buy. The stock dropped like a stone after it had reached $16 down to $6.36, or roughly 61.8%. It did so in a very clear 5 wave move. The above depiction, with a 5th wave diagonal is just one out of two. The other would have wave 3 go on to about $7.40, then 4 and 5. Either way the stock should reach $9 which on $7+ is not bad. Do not stay any longer than that!