The last EA bar was nasty and got me to close out half my short position to be risk prudent. I still believe the stock fundamentals are weak. The analyst call was seemed very bearish to me as the executives seemed to dodge numeric specific questions. They said something along the lines of we don't see a recession, our numbers are good etc despite a meaningful...
7th May 2022 Earning report next week will provide a clearer picture for EA. First support at $110 coincide with 38.2% fibo level. Bias more on the downside.
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p.a topping the fib ext here - doesn't mean we go down or up, but its clear a move is about to happen as its reached here since 2018. From 2020 to now its easy to see vol is consolidating - no big moves down or up, not even covid moving p.a that much compared to others. It is possible this p.a is re-accumulation schem 3, based on something like i painted to play...
- Fundamentally stock looks weak and will probably get weaker as covid comes to an end people will go out and play - Technicals (MACD and Relative Strength) are weak as well - Looks to be (over) priced upward for the recent relative deals (comps that got acquired - MSFT -> Activision) - Still range bound - but sets up a target ~90 on the downside breakdown -...
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.
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On the 1 hour chart price bounced off 4h 21 Ema and trendline so I went long
New ATH:::Clearly drawn and explained.... It started to rise..
To an all-time high again ..FED SUPER.... Stock market is rising...
#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.
Showing a pennant inside a year long consolidation.. Earnings is Wednesday .. Could go either way depending on their earnings.
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.