EA trade ideas
EA | Shows Bullish Divergence in DailyNASDAQ:EA
EAs daily chart shows a bullish divergence today. That indicates that bears are out of steam and the stock could turn around.
Elder Impulse system shows neutral on weekly chart and neutral on Daily. Both after red weeks or days before. Very good indications.
I suggest going short with cash secured PUTs or long directly.
LONG EA AT $91 (YESTERDAY) MY THOUGHTS, PLAY AND TECHNICALSIn short term EA is showing recovery, i opened a LONG at $91 with target of $109
Currently at 30% discount from ATH of $150
Market is looking bullish with trade deals coming into place,
coming into holiday season and EAs upcoming release of battlefield 5
im looking for a strong push up to previous strong support of $110 before taking 50% of trade and letting remainder run
Ea technical
Monthly
Supports
$41
$61
$74
$85.29
Resistances
$140
$127
$120
$117.84
$104
$95
RSI
mid range, headig down
MACD
Crossed over, high 13s
heading down, open band
Daily
Support
$86
$88.29
$91.52
Resitances
$95.53
$100.88
$104.63
RSI
Bottomed out, turning up
MACD
bottomed out, still open
looking for a turn and cross over
1 Hour
Supports
$90.66
$93.37
Resistance
$95
$98
$104
$110
$121
RSI
mid range, upward trend
MACD
Upward tren with open range
showing strength
Bullish Trade of the Week Part Two EA credit spreadWell the Big Hands knew we were looking to get into SO this week so they took the market down and kept Utilities strong...I take full responsibility for this !! ;) ;)
No matter EA IVR % just posted 100 and the new Call of Duty will be in full swing come XMAS time 72d 100/95 p cr spread looking for 1.40
Tasty stats 65% POP 82% P50 theta .50 with a delta of 9.32
LONG EA | Bullish Divergence in Daily Chart EA
EA shows a bullish divergence in the Daily Chart with a signal to go long that occurred Oct 12 2018.
That could only be a short term investment, or lead into the turnaround of the stock. It was declining since a while beaten up when they were moving the Battlefield V release date to november 20.
The stock bounced of a long term resistance also.
Limit: 106.5
Profit: 110 (Value Zone)
Stop: 102.1
Again, EA shows a healthy downtrend but coming closer to christmas might turn around. Battlefield 5 will come into stores November 20th and this will most likely advance stocks.
EA BreakoutTo keep this short, EA has broken through its downtrend line. MACD is pointing up, but looks a little rich on the 1 hour chart, so there might be a nice pullback at the start of the week. I closed my open long position Friday for this potential pullback, but I will be long when it either pulls back and bounces or if it keeps running.
NOTE: I will not hold this stock after late October! Earnings are at the end of the month and Battlefield release is shortly after in November. Both of these could be a negative catalyst on the stock, and with the recent history of why they sold off twice in the past 2 months, I am not bullish on either news catalyst. I plan to close any positions by 10/26 or so.