$EA SPORTS - ITS IN THE GAMESET:EA SPORTS - ITS IN THE GAME
Chart speaks for itself.
Volume diagonal offers another safety cull line in the event this does not play out.
PUKA
Electronicarts
Electronic Arts (EA) | Finally a Confirmed Breakout!Hi,
Electronic Arts (EA) has finally made a statement. For over 6 years it has tried to break above $150. Multiple failed attempts before the 2024 July close which was the confirmation for a possible further growth.
This is a perfect example of how you should wait for a breakout. Let the other investors show you what might happen next. They were willing to pay prices that have never been paid per share and we take it as a strong statement, monthly close is the confirmation, and who want to jump in then there is the possibility.
Quite a similar price action to my earlier post about Mastercard (MA):
Good luck,
Vaido
Intraday, Swing trade setup in Electronic Arts Inc (EA)NASDAQ:EA
Entry: 127.24
Target: 128.85
Stop-loss according to your risk appetite. Not more than 1:1.
Indicators also showing a bullish trend.
Trade will become invalid if the stock goes below $ 125.11 first before the entry level.
🎮 Electronic Arts (EA): Gaming Growth Ahead! 🚀🎮📊 Analysis:
Upcoming Releases: EA is poised for growth with a strong development pipeline, including collaborations with Disney on Marvel games.
Significant Contributors: The return of the college football franchise and Marvel games are anticipated to be key contributors to growth.
Bullish Sentiment: The analysis expresses a bullish sentiment on EA.
Entry Strategy: Consider an entry above the $120.00-$121.00 range.
Upside Target: Potential upside target in the $205.00-$210.00 range.
🌐 Note: Keep an eye on news and developments in the gaming industry that could impact EA's performance.
EA Electronic Arts Options Ahead of EarningsEA still in line to reach its March Strike Price:
Now analyzing the options chain and the chart patterns of EA Electronic Arts prior to the earnings report this week,
I would consider purchasing the 143usd strike price at the money Calls with
an expiration date of 2024-2-2,
for a premium of approximately $2.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
EA Electronic Arts Options Ahead of EarningsAnalyzing the options chain and the chart patterns of EA Electronic Arts prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $6.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Electronic Arts: Take the Plunge! 💪As it has finished wave (B) in red, Electronic Arts should take the plunge and jump below the support at $108.53 to dive into the green zone between $119.33 and $113.17. There, the share should complete wave (C) in red as well as wave 2 in green before turning upwards again. However, Electronic Arts might also decide to develop a new top of wave alt.1 in green above the resistance at $132.87 first. We rate this alternative route with a probability of 37%.
EA - UPDATE/ TARGET REACHEDHi guys, updating my TA Electronic Arts Series. I've followed EA since the $108 - 112 range, as i noticed it to be a solid swing opportunity. I will be exiting MAJORITY of my positions on this trade, as it exceeded my expectations.
This analysis is done on the DAILY timeframe.
PRICE ACTION:
As you can see we have filled most of the gap i mentioned in my previous charts. WE are now nearing the top of this down sloping Resistance Line (red line) that has been intact since June 2022.
In my opinion, this will act as resistance and be a major test area.
Price action has also exceeded my expectations as we have currently broke above this trend line titled in yellow that should of acted as resistance. So im being cautious here, as this could either be a downtrend fake out or our current price move up can also be a fakeout especially on higher timeframes perhaps.
I would also pay attention to the size of the upcoming candles especially today and tomorrow. If they small sized bodies, that could be an indicator of a short term trend change to downside.
My target for this move is between $126 and $130. $130 being less likely. A more likely scenario can also be the top of the green box at around $128.
There is always opportunities to trade, so in my opinion this area is good enough for me to sell.
Just hypothetically also, some potential setups in the future for EA could be:
1. If we break the red trend line and confirm above it and have it act as support. ( which is currently less likely in the short term)
2. If price comes back down to test some of the lines drawn below price action. ( maybe more probable)
ALso note that the recent price drop from $129 to $108, people would have centive to sell to cut losses and take profits now if you think in a psycology point of view.
INDICATORS:
All indicators shown are at overbought levels and showing such patterns.
RSI
Is at overbought levels not seen since December 2020. I always base my decisions to sell on this indicator. If i see it above the 70 level, my sell mode mind turns on and i get ready.
STOCH RSI
This indicator also is at overbought area which is indicated by being bove the dashed line or the 80 level. How i use this indicator is i look for a BEARISH cross, which is when its pointed down and the orange line is on top of the blue. Also when it moves below the 80 level, that confirms for me that the momentum is becoming bearish.
WAVETREND OSCILLATOR
The green line has crossed above the red lines indicating overbought area which supports the other 2 indicators, making me think about potentially shorting.
CONCLUSION:
For the short term i beleive we are reaching a critical area, where potentially would be a solid area to TAKE PROFITS in my opinion. Price action is reaching strong resistance and is close to filling a gap. Indicators are in overbought areas which further supports the probabilty of a short term pull back.
Ultimately, we also need to pay attention to the larger timeframes and the bigger picture to see if its possible for EA to break above this downward trend to continue its bullish-nessor if its a fakeout. Stay tuned for that analysis.
HOPE THIS HELPED> Please boost, follow and comment. Let me know if you agree or disagree and why you do so!
DISCLAIMER: The ideas expressed in this analysis are by no means financial advise. I am not a financial adviser. It is just my opinion and for educational purpose.
EA Electronic Arts - Still Bullish or Not?Hi guys welcome. Ive been keeping tabs on this after certain observations made me think it was a potential trade and thus am currently in a swing position. This is by no means financial advice. I try to look at the bigger picture in anything i chart keeping a flexable stance. I play both sides of the field and can change my strategy to meet the demands of the trend and to manage risk.
* warning- this may be long winded*
Analysis was done on the Daily timeframe.
I was initially feeling like the 109-112 area was a solid buy zone. The move up past $113 really was adding confidence. However we topped around $114 and soon gave up all our gains. It did make me lose some confidence, since i like to see confident, swift moves in terms of how the candles are shaped. You generally want big green bodies for atleast couple days. We had an average sized candle on March 2nd, then switched to small bodied candles with upper wicks which shows a slow down in momentum and selling pressure. ALso note we got some big bearish candles thursday and friday, we dont want that to continue.
That being said, i still believe until proven otherwise that my analysis in my previous ideas for EA is intact. I did have to adjust my downward trend channel a bit, but we are still currently in this. We are also below the red horizontal support line that stems back to April 2020 but we havent really confirmed below it. The bullish divergence seen in the 3 indicators, RSI, MACD and Money Flow is also intact.
As you can see, by the white trend lines drawn on the indicators, we still have not broken this pattern. Which gives points to the bullish case. As playing out a bullish divergence, can push up price for decent gains. Just note, i unfortunately don't have a crystal ball and cant say for certain that this plays out. TO protect this we need to stay at these levels moving sideways and or continue our uptrend.
Being below the red support line, does make me nervous. What we do have to keep at eye out is Weekly timeframe confirmation below this especially keeping an eye out on the next 2 weeks.
Pay attention also to current price action, we are currently testing support again at the lower line of the downward sloping trend channel. I would love to see a bounce off this to gain back confidence. Bigger candle bodies are ideal but at this point anything works as long as it looks like we are consolidating sideways at the very least.
Also pay attention to the Bollinger Bands (BB). We are in a tightening range, normally a tightening range indicates the "calm before the storm". Things can pop off to the upside or downside. HOwever for EA, we are actually slightly closed below it, which also worries me. Our next daily candle needs to stay above the lower band of the Bollinger Bands and above the downward trend channel. If we cant, we can also be going down lower. Next support range would be maybe the $102-$98 area indicated by green horizontal line/box.
ALso note that our short lived move to 114$ was pushed down by the upper band of BB on MArch 06 as noted by the upper wick of that candle. ALso on friday the 10th of March, we were pushed down by the Orange median line of the BB indicating resistance. I would like to see this move above the Orange line ASAP. We want to avoid candle prints outside of the BB, as it would indicate selling pressure. BB can be a nice tool as price reacts well with the bands.
Overall the price action still looks like price consolidation, and if i may be bold here kinda bullish consolidation. Especially if we dont print any crazy bearish confirmations going forward.
Price printed a lower low on friday. WHILE indicators hold a higher low.
WE have to, have to! hold this pattern. If you see the indicators crash below the trend lines, and wipe out the higher lows, we may continue to sell off and may need indicators to cool off into the oversold areas.
Put also special attention on the ADX indicator. Here notice how the red is over the green line but it forming a lower high. This could mean we are losing bearish momentum and maybe moving towards bullish momentum or when green goes over red. Also expect some ADX chop which is basically what i describe (and if you look back at history) when theres multiple overlaps between red & green with low heighted peaks for both colors. Normally happens when massive moves occur to either the upside or downside, in this case downside ofcourse. So pay attention to that as well.
So in conclusion: i would say we are still bullish or i am in my opinion expecting a move to the upside until proven otherwise. Next week overall will be important to observe. Watch the current price action interaction with lower border of downward trend channel and the lower band of BB.
Hope this helped. Check out my other charts on EA to get the bigger picture. Expect more updates. Please boost, comment and follow for more charts like this.
DIsclaimer: This is NOT financial advice. The ideas expressed here are my opinion and for educational purposes. Thank You
EA - Bullish UPDATEHey guys. Been keeping my eyes on EA, as im currently trading it. Thought id do another update. Do check out my other charts on EA to see what ive been seeing last couple of weeks.
So just a quick update.
This is on the daily chart. But it seems to me like we are starting the bullish divergence move to the upside.
TOdays daily candle close will give a nicer picture on whats to come. But as of now, 2 hours before closing time -> We have ourselfs a BULLISH ENGULFING CANDLE. This would be amazing to close like this out of the downward sloping channel i have drawn out.
Just a heads up we may even test support on the upper trend line of the downward channel i drew. So we still have time to buy positions.
Stop loss would be below the lower Red horizontal support line. Around the $108.00 levels. A 5-6% risk is the max im willing to take.
SO im looking at the red resistance line above us, as my first target.
My next target would be the MACRO .618 fib level (check out my other charts to see the level)
AND ill hold a little bit of my bag to see if the GAP we have fills.
I will be adding more to my position today and or tomorrow.
Hope this helps. PLease comment, boost and follow me for more ideas like this and a place where we I talk TA. Check out my other analysis on EA to get more information.
Disclaimer: This is not financial advice. The ideas expressed here are my opinion and a place to express TA to grow my understanding. Always make sure you have your own strategies in place when trading and that you protect yourself with stop losses.
EA - Bullish candlestick pattern?Hi guys. Heres another update on EA. Since im in this trade, i will constantly give updates when i see a development occuring.
This is going to be on our current price action that occured on friday.
This is on the daily timeframe.
So we ended up breaking below the downsloping trend channel and major resistance red horizontal line.
Note: If we confirm below this, it means the trend has changed, we will most likely drop in price further. The red horizontal line will act as resistance causing the push down in price, alng with the lower end of this downsloping channel.
However note, there is only 1 candle below this. SO technically this has not yet confirmed a breakdown from this.
We must have patience. AS far as im concerned this trade is still in play.
ALSO note, the candle pattern. I believe, correct me if im wrong. This is a SOUTHERN DOJI. Normally when this appears its known to be a BULLISH reversal pattern. But it is also noted by many experts that dojis can lose their potency in a decline. So its not a stand alone candle pattern to be used. Therefore, we need to see what plays out next week, and what the next couple of candles print.
Ideally we would like to go above the red horizontal line and lower end of downward trend channel. I would also like to see big bodied candles to close above the mentioned lines.
Hope this helps. Please comment, boost and follow if you like this content.
I will continue to update.
ALso check out my other EA charts, posted below.
Disclaimer: The ideas expressed are my own opinion. This is not financial advice.
Electronic Arts: Pushing the Right Buttons 🎮Electronic Arts has been pushing the right buttons and has made fine use of our pink trend channel, finishing waves (a) till (e) in violet. Indeed, the course has already made further progress, touching at the support at $109.27. Next, the share should gain even more downwards momentum and drop below this mark to complete wave B in turquoise. Afterwards, we expect Electronic Arts to climb above the resistance at $150.30 to conclude wave C in turquoise as well as wave (B) in red. Subsequently, the course should start a long journey to the south, falling back below $150.30 and below the supports at $109.27 and at $73.91. There, it should enter the green zone between $64.44 and $40.83 to finish wave 2 in green before turning upwards again.
EA - Price Action Update (daily)Hi guys. This is an update to EA, as ive been monitoring it closely. This is purely a TA post.
Lets jump right in.
This is on the Daily Timeframe.
Price action tested the major red support line that has been major support since April 2020. We saw a strong bounce up indicated by the lower shadow of the candle.
We also played support on the lower trend line of this down sloping trend channel, that we've been in for about 2 weeks.
As long as we don't break below and confirm below the down sloping channel and horizontal support line, this is still in play as a trade.
Also after a price drop, i would rather be in a downsloping channel than an upsloping one!
We need it to break above this trend channel and confirm above. ANd i would say that it could be a solid entry point with stop below the red horizontal line.
I have also added an indicator im also monitoring closely, The RSI.
In my previous posts i mentioned that we are showing bullish divergence and confluence among 3 of my favorite indicators.
This is still in play, thought the RSI broke my initial divergence trend, as long as we stay above the horizontal orange support line i drew, we keep a higher low and it still indicates that bullish divergence will play out. WHich is an uptrend.
I think overall we are showing some level of consolidation, and it makes sense since we had a massive tumble in price quite recently.
I hope this update helps. Please let me know what you think with a comment and do like/follow if you like this content.
Check out my other ideas in different timeframes on EA below!
Also Disclaimer: This is not financial advice and i am not a financial advisor. I am just a student of the charts. Thanks.
EA - Bullish Divergence on Daily.Hi guys. Ideas on this post are my own opinions and for educational purposes as i try to express my thoughts. This is by no means financial advise, as i am NOT a financial advisor.
Lets jump in. So this is an update on the Daily timeframe.
I am still long unless proven otherwise.
Infact the Daily is more powerful than the 12hr and 8 hr.
We are curretly below the the 0.5 FIb level. The end of this week needs to have a close above with confirmation. So watch the weekly as well!
On the Daily we broke out of this short term white downward trend line pushing price down.
And the price action currently in this area seems like consolidation to me. Alot of volume, bigger candles than previously seem on intermediate term also seen.
Bullish Divergence is still intact. Where price action is pointed downwards but indicators are pointing upwards. I got 3 indicators showing confluence on this divergence.
STOCH RSI, is crossing above the 20 level, momentum could pick up! Keep an eye.
For places to sell, keep an eye on:
1. Red trend line above us
2. 0.618 fib
3. Price Gap
Hope this helps. Let me know what you think! Like, Comment, Follow for more of my ideas!
Thank you for your time!
DIsclaimer: This is not financial advise, i am not a financial advisor. The ideas posted here are my opinion only.
EA - coming alive on 12 hrHi guys, this is an update to my previous idea. This is not financial advice, this is for educational purposes.
Im still long on EA and am stillin a position.
Ive been looking at lower time frames to see if anything picks up.
Target is still the same, the .618 fib retrace and the gap fill.
RSI forming a higher high (breaking white trend line) and the yellow MA, making me think the bullish divergence is starting its move.
Stoch RSI is also crossed above the 20 level, indicating momentum picking up!
Looking for the mACD cross to validate further that momentum is picking up.
How to make an easy 7% profit just with newsI had forgotten to post this yesterday, but it seems interesting to me how some news always works in your favor if you know how to use it
EA Sports "It's in the shorts"Will EA Fall in previous fashion during this down turn? let's find put! I mean out! :)
#EAElectronic Arts ... what if NFT!? Mega freaking rising wedge, if it does breakout the pump could be massive, a la NVIDIA.. What could be the catalyst I wonder... what if will announce NFTs? High risk high reward play, watch for the market and a possible correction in the next weeks. Time frame uncertain, could be weeks..or longer.
PT:170$
Stop loss if breaks major trendline.
All major daily EMA at support. It's make or break.
Electronic Arts, a perfect trade???Electronic Arts (EA) a pefect trade? + 13.55% in two months!
Sometimes this work really gives satisfaction, this is certainly the case of the trade on Electronic Arts, closed on Friday a few ticks from the high of the day.
Having entered an important volume level close to the lows of the last year, I initially decided to set 148 as a target, but on Friday, also thanks to a considerable expansion of the market in general, which needs a pull-back in my opinion, I decided to follow EA intraday, closing the trade in an excellent way with a RR of 1: 4.
Entry: 129,49
TP: 146,50
Stay tuned!
Happy trading
Lazy Bull
Electronic Arts Analysis 19.10.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button.
Thank you for watching and I will see you tomorrow!
Electronic ARTSMonitoring possible break out of the structure.
EA is below strong resistance level. If breaks up, and make valid retest, then is good time to entry.
E-sports industry is growing every year and this bussines has a big potentional.
Regular dividend payment is nice bonus.
Target is around 170-180 USD
Electronic Arts (EA) AnalysisAfter the investment made on Activision last week, today I bring you an analysis on EA (Electronic Arts).
The mother of Fifa and Madden (for those who were not interested in video games, let's talk about the company's core business), ended a long accumulation phase that lasted from December 2020 on Friday, when the price broke the support structure in the $ 135.30 zone
Possible bear trap to create liquidity again and then start a new uptrend. In this case, the resistance to break is $ 149.
If, on the other hand, the price continues to fall, the most interesting entry levels are:
- $ 127
- 112.50 (definitely the most important and attractive level)
Only due to a major reversal of the Nasdaq, EA could it go below this price.
Moreover, we find ourselves in the best time of the year precisely due to the fact that the two previously mentioned video games are out (or just released).
EA, an interesting company in the videogame sector, especially after the subscription service, EA Play, became part of Microsoft's Game Pass , another subscription service to "Netflix" which, with a monthly fee, allows customers to use content .
This too should help the turnover of Electronic Arts grow, which is composed of two other pillars: the sale of video games and in-game microtransactions.
Happy trading.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
$EA long idea$EA consolidating on big triangle, giving us chance for entry here on this higher low. It found support on the .618 retracement + the lower trendline. I like entry here, with tight stop aiming for top of triangle first and will monitor closely for a breakout
