Electronic Arts (EA) Q3 earnings are on 2/1 at 4pm. Electronic Arts (EA) reported Q2 September 2021 earnings of $1.63 per share on revenue of $1.8 billion. The consensus earnings estimate was $1.15 per share on revenue of $1.7 billion. Revenue grew 58.6% on a year-over-year basis. The current consensus earnings estimate is $3.20 per share on revenue of $2.68...
I like the set up here, not sure about options volume however. Maybe, just maybe a next week $240...or perhaps a Feb $160 at $1.10 to play a full breakout.
#EA has formed a massive ascending wedge in the monthly chart. We can go long if it breaks the 150 level successfully.
Targets are $200 and $220
Entry will be over $150 and the stop loss can be set at $130.
Electronic Arts (EA) a pefect trade? + 13.55% in two months!
Sometimes this work really gives satisfaction, this is certainly the case of the trade on Electronic Arts, closed on Friday a few ticks from the high of the day.
Having entered an important volume level close to the lows of the last year, I initially decided to set 148 as a target, but on Friday, also...
Gaming industry has been growing exponentially month over month this past year. Yet EA can't seem to go anywhere.
I think we will remain in the triangle depicted above.
Short after earnings me thinks. Unless of course something crazy awesome fundamentally is announce today. Up until now investors don't seem to be excited.
Just my opinion y'all.
PT of analytics 140-200, average PT 170. Close to bottom line of long term risig channel. Covid pandemics will get worse soon, gamming sector has a backwind and EA will release many new games next year, also xmas will help sales. EA in accumulating zone imho.
EA has been in consolidation for a while. It succeeded on braking the support level last time but then rallied back to the consolidation area.
Currently price is testing for the fifth time the support level. It should be nice place to bet on a long trade for another support level bounce.
Risk is that MACD lines are below 0 and EMA50 is below EMA100. Also EMA20...
EA stock looks like it is in a textbook Wycoff channel, looking like a break below $130 would target $90.
Also, on a long term horizon, this is making an Adam and Eve pattern.
Overall, think this stock looks quite bearish.
Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely...
Treasury yields pulled the entire market down except for EA. The lone soldier looking strong. Chart looks great on the weekly. Last candle had a long lower shadow at support. This weeks candle is an engulfing candle. Barring the market being a bigger turd than it already is, EA should move back to the $140 range by the end of next week.
The idea that treasury...
