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ogdabber
Jul 31, 2020 11:31 PM

EA: Last look for now: RENKO Style... Long

Electronic Arts Inc.NASDAQ

Description

Mostly very bullish on EA right now, RENKO shows us that it is at brink of upwards continuation or back down to build support... Based on my other reads, I'd suggest to go long on this one, but the Renko clearly shows how much EA likes to double top and H&S, so I'd be cautious of these larger bearish patterns. If it can continue up, then we will find more confident entry here soon... worst case, keep a hedge and trailing stop loss, and this one could be easy money!

*KAGI shows this as bearish going into the wkend, but with a strong open next week, this could easily turn bullish again, and then this SHOULD mean that we're about to meet new ATH in near-term.

Let me know if you have any questions!
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