Electronic Arts Inc. (EA) 20% up
Price Target Analysis:
Key Levels:
Primary Target: $176.83 (1.0 Fibonacci Extension) with a 75% probability.
Extended Target: $196.46 (1.618 Fibonacci Extension) with a 60% probability.
Support Zones:
Immediate support at $145.06 (0.459 Fibonacci).
Critical support at $138.38 (key invalidation level).
Elliott Wave Projection:
Wave 4 correction completed.
Anticipated Wave 5 movement toward $176.83 and possibly extending to $196.46.
Momentum:
Current trajectory supported by strong bullish momentum post-correction.
Scenarios:
Bullish Case: Continuation toward $176.83 and potentially $196.46.
Bearish Case: Breakdown below $138.38, invalidating the bullish scenario.
Conclusion:
First Target: $176.83 (~20% potential gain).
Extended Target: $196.46 (~33% potential gain).
Disclaimer:
This is not financial advice. Conduct your research and consult a financial advisor before making investment decisions. 📊
Key Levels:
Primary Target: $176.83 (1.0 Fibonacci Extension) with a 75% probability.
Extended Target: $196.46 (1.618 Fibonacci Extension) with a 60% probability.
Support Zones:
Immediate support at $145.06 (0.459 Fibonacci).
Critical support at $138.38 (key invalidation level).
Elliott Wave Projection:
Wave 4 correction completed.
Anticipated Wave 5 movement toward $176.83 and possibly extending to $196.46.
Momentum:
Current trajectory supported by strong bullish momentum post-correction.
Scenarios:
Bullish Case: Continuation toward $176.83 and potentially $196.46.
Bearish Case: Breakdown below $138.38, invalidating the bullish scenario.
Conclusion:
First Target: $176.83 (~20% potential gain).
Extended Target: $196.46 (~33% potential gain).
Disclaimer:
This is not financial advice. Conduct your research and consult a financial advisor before making investment decisions. 📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.