$EA - Shorting Time!
On a daily chart!
This is my first-time analyzing Stocks.
I chose
EA cause I Really like this company from a young age! (Games and etc.)
As you can see, the price has tested the previous resistant level and now is heading to a lower support line. (Good opportunity for Swing traders, I'm not a swing trader myself!)
The past trendline was broken, the MACD volume is weak for buyers and is going towards sellers volume! Also, watch how the MAs are meeting up to get ready for a downtrend.
If you want to be more cautious, wait for the MA's to cross and then entre the market! (Just to be on the safe side!)
As always, be careful with your risk management, I never risk more than 3% per trade and most importantly BE PATIENT!
Love,
@TheMrGrateful :)
This is my first-time analyzing Stocks.
I chose
EA cause I Really like this company from a young age! (Games and etc.)As you can see, the price has tested the previous resistant level and now is heading to a lower support line. (Good opportunity for Swing traders, I'm not a swing trader myself!)
The past trendline was broken, the MACD volume is weak for buyers and is going towards sellers volume! Also, watch how the MAs are meeting up to get ready for a downtrend.
If you want to be more cautious, wait for the MA's to cross and then entre the market! (Just to be on the safe side!)
As always, be careful with your risk management, I never risk more than 3% per trade and most importantly BE PATIENT!
Love,
@TheMrGrateful :)
Trade closed: stop reached
It didn't end up how I was expecting. I should have viewed other timeframes as well for more confirmation. I will be back in stock and share my thoughts again. :)
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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.