Tecnologia_Financiera

Symmetric Triangle on EA Stock

Long
NASDAQ:EA   Electronic Arts Inc
A symmetric triangle has developed on Electronic Arts Stock. When the price breaks either the top or bottom line, a place position is recommended. As seen on the graph, we are going for a long position when the price breaks the upper line of the triangle and continues upwards.
The position is to be placed around $98.59 per stock. Stop loss at $93.20 approx. around the latest minimum point. The take profit should be, as long, as the base of the triangle) represented by blue dotted lines). Risk Reward ratio 3.78.

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