Down she goes...EA has had a difficult time breaking past the $150 mark for 3 years. In the past year it's created a triple top as well as a small head and shoulders pattern in the past few months. This week it's broken out of its flag downward.
It can continue traveling within a much larger bull flag pattern and bounce off a major support of $100 in the mid term.
Too slow of a trade of course but if your long EA you'll be holding the bag.
Just an opinion based on the technicals. Do your own DD before making a decision
ERT trade ideas
price can not break historical resistance zoneprice reaches historical resistance zone (140-150 $) and in the last step, buyers demonstrate weakness.
Also we see divergence between price and MACD.
there is high probability for price reduction unless price breaks resistance zone.
use short term trend line for trigger to open short selling position.
$EA Electronic Arts TA
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