Electronic Arts - EA - Daily - Top formation - Overbot

377 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.


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.
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Sitting at $37.83 now, CCI is sitting at 131.74.
Did you bail on this one or is trade still viable?
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.
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.
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.
+1 Reply
timwest TradeVulture.com
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.
timwest TradeVulture.com
I agree with your chart link infinite_margin. Those are important levels to monitor and target.

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