The stock is in an ascending triangle.
Note the high level horizontal resistance, which has held its ground three times.
And see the support of the purple channel.
They make the triangle. Watch, as the situation develops.
Lackluster sales on Star Wars game. Missed EPS. Recent insider selling. Weak income statement with YOY operating margin increase and net profit margin decrease. Technically EA had a lower closing price and could not penetrate supply area today despite a + news release yesterday. Buyer sentiment is still positive tho. Counting on increasing volatility and weakness...
When EA announced their earnings at the end of January, I expected a jump, but what occurred made me piss my pants. The stock price opened just below a previously speculated trend line. The resistance has held its ground and the gaming stock has retraced back below 125.00 level.
So what is in for the future?
The fundamental earnings jump has confirmed the...
Hi guys. I think EA is showing a good set up but we just need to wait for a confirmation. I'm going to treat this as a failed breakout and a bull trap should the price move lower out of the congestion area. Thank you.
Looks like EA is forming a weekly H&S with a neckline at roughly $105.50 and with the shoulders and neck at about $116 and $122.75, respectively. A few notes on the formation are listed below:
1 - The beginning of the H&S formation shows strong volume on the way up, as a good H&S pattern should, which subsides as the head is formed
2 - The fall from the neck is...
EA has been one of the most attractive stocks in 2017. They are very promising in 2018 with their AI implementations in new games.
Price Reversed from 38.2 level, with reversed shift in momentum.
Planning to enter and buy once the price confirms the break out of the pullback trend line.
Trade details:
100/90 Put Vertical Credit Spread @ $1.85
Prob. of Max Profit = 68.04%
Prob. of Max Loss = 11.34%
Break-even @ $98.15
84 D.T.E.
Trade plan:
Entry by oversold + support/resistance analysis
Expecting old gap-up support level at $104.50 to hold after recovering from breakdown test on 12/04/17, until Mar.'18 expiration.
RISKS: Break-even within...
Trade active on EA at $112, stop at 105.
Huge volume at $110 level propping the price up. Good fundamentals and with the xmas season coming with the new xbox one X, Nintendo switch and PS Pro it should see good results into next year.
Target of $138.
