$EA Electronic Arts is starting to look interesting again, after the gap down and consolidation. Call volumes are really picking up.
Looking for price to break and hold the 114.80 (turning into support) to get this stock cooking again!
114.80 is the current trigger...
We've been pounding the table since the pullback and consolidation; chart setting up nice!
Holding that 0.0...75 is fire!
Next level of support 0.0..70 level
Possible retest to 0.0...87 in coming days.
Gaming stock remain on fire, despite the pullbacks and downgrades due to $EA delaying their game release.
Now that gaming stocks had a chance to reset - they still remain very bullish with significant upside going into the holiday seasons AND more games coming.
Speaking of games... I flew out to LA for the Call of Duty 4 release and it was the most incredible...
Update: 9/6 3:47pm ET.
Trying to hold and break above the resistance 1 level.
Like to see more volume come into play here.
Golden Cross is imminent with the 50 closing in on the
200 (SMA). Thus far looking strong with room to if, should it
choose to do so. Keep an eye on those upper wicks showing
supply. Bulls doing a good job holding the demand area of
Pulled back as we expected with those distribution candles into strong volume. Nice bonce off the lower trend line and barely holding onto the 0.0...217 area.
I'd really like to see that area hold with a candle close above it to remain bullish.
Nice volume sizing on today's candle with the lower wick - we'll see how the candle plays out.
Some has asked my thoughts on $XEMBTC.
Chart remains in correction territory as it continues consolidation.
Interestingly enough, it's back at the support levels from December 2017,
so there could be some potential for history to repeat itself with a bounce.
Again, right now it's trending sideways...
Last week it appeared things were going to turn around for the...
Chart was exhausted into the climatic volume. Consolidation is performing nicely on low volume with support levels holding in this minor sideways action. Maintaining above support 2 maintains bullish picture for me.