Electronic Arts Inc. (EA) 20% upPrice 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. 📊
