EA BUY OR LONG , TARGET UP TO $220EA was able to successfully validate the " Cup And Handle " pattern this week at $150 I will buy here .
EA buy : $150
EA target : $220
EA stop loss : 10% or $140
Wish you good deals!
ERT trade ideas
EAWe have a formed C&H pattern, the final target and timing of achievement is $ 221, May-June 2021, an overall growth of 49%. There are 2 intermediate targets, defined by two Flag patterns - 176 and 208 dollars, which will be reached quickly enough. The paper is fundamentally strong, this moment can be seen as a good point for a mid-term entry.
NASDAQ:EA Possible Cup & Handle Breakout OpportunityI like the Weekly setup on this NASDAQ stock because the price is very close to breaking its ATH's and the cup and handle formation along with the widening wedge allude to big upside. The Yearly R1 Pivot @ 165 would be a realistic initial target with the Yearly Pivot @ 125 offering support should the breakout initially fail.
EA Coiling Suggest 144 Comes Soon, If History Repeats?Gaming hasn't really been affected like other markets regarding the political shift in the U.S. Stay at home 2020 orders helped boost gaming revenues and it doesn't seem like it'll slow down anytime soon. 2021 lockdown orders in the UK and possible covid variants could be a buy and sell the news for at home stocks like EA, TTWO, ATVI.
EA Ready For Higher Prices?With the stay-at-home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. EA seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $128 resistance on the daily chart, then a weekly close above $147.
EA - Trendline break and moving average crossoverElectronic Arts NASDAQ:EA is showing a potential bullish turn. As shown in the chart above, the downward trend line with multiple touches have been broken with enough momentum for the moving averages to crossover. The stock may pull back to the moving average in the short term providing a bullish opportunity to go long.
Electronic Arts before trend reversalIt seems, EA can break the downward trend that has been going on since August. And this structure is similar to spring.
Worth watching :)
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything
Be patient, be careful!
CAN ELECTRONIC ARTS INC STOCK GET A BOOST BY THE HOLIDAY SEASON?We are now in one of the busiest periods for retailers, as consumers are in an active shopping spree, which could last for the whole month. Certainly, due to the pandemic, some shoppers are avoiding their usual visits to stores. However, online retailers and those traditional stores, which have the option to deliver to people’s homes, could see an increase in their sales this month. Will those sales be able to beat the previous year’s figures? Well, we will just have to wait and see, but due to the unusual global health situation and the fact that some industries are laying off workers, there is a chance that the numbers might be on the modest side. That said, one industry, which might benefit from this holiday period, could be the video gaming one, as people are forced to remain indoors. One of the benefiting companies could be Electronic Arts Inc. (NASDAQ: EA). Although huge gains are not expected, still, it might end up being a relatively good month for video games makers.
Looking at the technical picture of EA, we can see that yesterday, the stock broke above its medium-term tentative downside resistance line drawn from the high of August 26th. At the same time, the stock continues to balance above a short-term tentative upside line taken from the low of November 9th. Although the current indication of the next potential move is for the upside, we would still prefer to wait for a break above the 128.69 barrier, marked by the highest point of November.
If the pop above that 128.69 hurdle occurs, this may help attract more buyers into the game, potentially opening the door to larger extensions higher. That’s when the stock might travel to the 134.00 zone, which is the highest point of October. Initially, the share price could get held around there, but if the buying-power is still strong, the next possible target might be at 144.50. That area marks the high of August 26th.
Alternatively, if the share price declines rapidly, breaks the aforementioned upside line and then also slides below the 119.78 hurdle, marked by the low of November 24th, that could spook new buyers from entering any time soon. Such a move may increase the stock’s chances of drifting further south, where the next target might be at 116.66, or even at 110.21, marked by the lowest point of November.
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