dzygadlo

Watching to see if we break the up side of a long term triangle

Long
NASDAQ:EA   Electronic Arts Inc.
EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140.

In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside.

If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle.

Good Luck!

I'm not a financial advisor and I'm not offering financial advice. Everyone should do their own homework before making any decisions!

Good luck and I'm always interested in what you think.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.