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Panjang

Flagging cupping handling

NASDAQ:ZGNX   ZOGENIX INC
Weekly Chart: Somewhat of a cup and handle formation and now it is settling/handling on the flattened 200 day EMA , creating a base to breakout of. Narrow Bollinger Bands on the daily.

On the both daily and weekly charts you can see the flagging.

Long stock entries now or with a buy stop $20.85. Targets $27-31 and higher.

Either entry has a stop below $18, also the ATR Trail Stop (purple dot on daily chart ).
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