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Electronic Arts: Under PressureEA has shown notable upward pressure, diverging from our expected downside continuation. Despite the recent strength, our primary scenario remains valid: we still anticipate an extension of the ongoing magenta five-wave decline, with wave (3) expected to break below support at $114.60. The remaining legs of this impulsive sequence should also stay beneath that threshold, ultimately forming the low of the broader green wave . However, if bullish momentum persists and pushes the stock above resistance at $169.82, we will shift to the alternative scenario (40% probability). This path suggests green wave alt. – and by extension, beige wave alt.IV – has already concluded, and that EA is now in the early stages of wave alt.V, a significant new uptrend. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
NASDAQ:EA
by MarketIntel
Electronic Arts: Jump!Recently, EA has made a strong upward jump, coming very close to the significant resistance at $169.82. However, the price quickly fell again, providing us with sufficient confirmation to consider the magenta wave (2) as completed. The current wave (3) should extend below the support at $114.60, and the subsequent wave (4) countermovement should also occur below this mark. With the final wave (5) of the magenta downtrend impulse, the larger green wave should then be completed. On the other hand, we see a 40% chance that EA has already completed the green wave alt. at $114.60 and will directly rise above the resistance at $169.82 during the beige wave alt. V .
NASDAQ:EA
by MarketIntel
1
Electronic Arts: Heading DownwardWe assume that EA’s recent high at $169.82 marked the completion of a prominent wave in green. This top stands out because it represents a typical corrective pattern where a seemingly new uptrend is simulated. Unlike a standard B wave, an overshooting B wave can significantly exceed the prior peak – in EA’s case, the last major high of July 2018. We primarily locate the stock in an extended correction, whereby a magenta downward impulse should push the price below the support at $108.62. However, if EA breaks decisively above the $169.82 resistance in the near term, we will switch to our 33% likely alternative scenario and reckon with further rises.
NASDAQ:EA
by MarketIntel
3
🎮 GALA: Riding the Bullish Wave! 🚀🎲📈 Market Analysis: GALA has experienced significant bullish momentum in recent days, indicating robust market demand and positive sentiment. The current market pullback presents a potential opportunity for a spot-long trade, leveraging support levels for entry. 🔄 Trade Plan: Entry: Consider entry in the support zone of $0.058 - $0.065, aligning with bullish momentum and market dynamics. Upside Target: Target areas of resistance at $0.08 - $0.09 or $0.14 - $0.16, reflecting potential breakout opportunities. Risk Management: Implement a tight stop-loss strategy just below $0.057 to manage downside risk effectively. 🎮 Strategy: Monitor market dynamics, including gaming sector trends and broader market sentiment, for insights into GALA's performance. Stay updated on GALA's developments, partnerships, and product launches to gauge future growth prospects. Adjust trade plan based on real-time market data, technical analysis, and risk assessment to optimize trading outcomes.
Long
by Richtv_official