timwest
Short

Electronic Arts - EA - Daily - Top formation - Overbot

NASDAQ:EA   ELECTRONIC ARTS INC
371 6 3
Hidden Level Resistance just over $37 and my RgMov "trend indicator" says EA             is in a downtrend. EA             is overbought in CCI and turning back down below +100.

Target $34 and under $33. Be willing to sell up to $37.20 from $36.17 last.

Tim

3:47PM Friday, August 15, 2014 36.17 last

*** Hidden Resistance is available in the "Marketplace Add-on" in the Indicators Section so that the green "key hidden support" lines will draw automatically on your chart. Monthly and annual subscriptions are available.
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
TradeVulture.com
2 years ago
Tim, I hope you're right, but I'd like to point you to the Monthly and Weekly charts. Not sure if I'm buying into your "hidden levels" method, but nonetheless, price will, at some point, retest support lost around 41-44 zone. This is actually the leg start of the leg down and we are currently retracing the from year 1999ish.
Have a gander.
snapshot
+1 Reply
timwest PRO TradeVulture.com
2 years ago
Infinite_margin, If EA gets over the key-hidden-level, then I'm going to look to be a buyer. This is a way of setting up trades and understanding what are the key levels in a stock. Most people have no idea what the key levels are in a stock. They guess at highs and lows, spikes and consolidations, trendlines and patterns, but what really matters are the key-price-levels when the most investors are expressing their opinion on a stock price. So, that is what "key hidden levels" is all about - defining relevant, important price levels in a stock as a result of news, earnings and company guidance. "Essential Levels" might be a better name for the indicator instead of "Key Hidden Levels". Thanks for your feedback. Time-frame is relevant, for sure.
Reply
timwest PRO TradeVulture.com
2 years ago
I agree with your chart link infinite_margin. Those are important levels to monitor and target.


Reply
Mr DL
2 years ago
Sitting at $37.83 now, CCI is sitting at 131.74.
Did you bail on this one or is trade still viable?
Reply
timwest PRO Mr DL
2 years ago
GME's big jump up on earnings is lifting EA here. If it doesn't go back under the line by the close, I will have to bail.
Reply
timwest PRO Mr DL
2 years ago
Another note - when stocks break under previous day's low (for a short position), then I will add to the position. This idea has yet to break under a previous day's low, so it is a small position here.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out