EA
EA - Head and Shoulders Possible short play if this is a legitimate head and shoulders pattern. There is a long term uptrend, which makes me skeptical of this actually occurring; but there is always that possibility. Best to wait for some buildup or a pullback to a possible drop.
There was a similar pattern around Dec 2019-Feb 2020, which resulted into an initial short drop, but a subsequent strong pullback to the previous highs—before the sharp drop to 88.4
09/08/2020 EURAUD - WEEKLY PLAY LONG TF H4Welcome,
Below you will find our trading notes:
Monthly view - BULLISH
Weekly view - BEARISH
Daily view - BULLISH
Previous week LOW - 1.6386
Previous week HIGH - 1.6558
Previous week profile - BEARISH, ACCUMULATION
News this week:
11/08 TUE - 3.30
13/08 THU - 3.30
14/08 FRI - 1.30
Where to focus:
LONG SIDE SETUPS ONLY
LIQUIDITY BELOW : 1.6340
SUPPORT STRUCTURE : 1.6355 -> 1.6385
SUPPORT LOWER STRUCTURE : 1.6310 -> 1.6340
LIQUIDITY ABOVE : 1.6550
RESISTANCE STRUCTURE : 1.6610 -> 1.6690
Weekly scenario:
We expect pullback to one of our defined support structures, where we'll look for entries long.
If first support structure is broken, then we focus on entries on the lower support structure.
If second support structure is broken, we will move to side lines.
If we'll see push from our long side zones, then first TP is 1.6550 but over all target is 1.6610
Protection strategy:
SL up to 20 pips below support structure
REMEMBER!
NEVER BE GREEDY AND DON"T FALL INTO EMOTIONS :)
If that was helpful please like and share :)
HAVE AN AMAZING DAY!
ENJOY
$EA Sports It's In the Gain(s) - 10%+ Upside$EA Sports It's In the Gain - 10%+ Upside
Strong company. Took a dip today as most Nasdaq components did.
Happy to pick it up at a discount and ride it back up to all-time high around $150 leading up to earnings late July.
Note: Not Investment Advice.
EA 150EA closed today at 138. Zooming out you can see a cup and handle. Gap fill will be quick so might hop in tomorrow lol. People are home so gaming is increasing. More revenue. All time high is 151. Probably going back to that after the gap fill.
EA good for Long-Term. Here's Y:NASDAQ:EA P/E: 11.46 PEG: .94 Price action above 20, 50, 100 day averages, EPS Past Five Years: 165.3% , EPS Q/Q: 36.6%, ROA, ROE, ROI all above average and high positives, Gross Margin: 75.3% , Profit Margin... Cons: None. Stay at Home kids buying video games. Great pacifier for overwhelmed parents
GamersATVI reporting earnings this week.
This chart depicts ATVI vs. EA - upward move signals ATVI outperformance, downward highlights EA outperformance.
Who would you bet on?
ATVI approaching a wave 5 I’m long til About $70-73 on this one a Wave 5 developing. Also a Harmonic developed around waves 1-2.
Electronic Arts $EARSI is above 50 and hit the daily 50MA. It will be bullish if it holds above $103.27
EURAUD sell after a non stop climbWe have identified our MSR and just as we expected, we have found a sell signal at the MSR the signal is a H&S pattern and as you can see I posted this a few minutes late and the movement had already begun. so lets just push this one and bag a few pips.
