EA trade ideas
$EA - Place this back on the watchlist...$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...
The Gaming Trade - Video Game and Esports Stocks - September 1.0The Gaming Trade
The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account.
(Note this was created on 9/4/18)
I will be publishing this bi-monthly. One short-form chart update and one long-form newsletter with chart updates.
AMD: Price $25.17
This has been on fire! After completing an 11-year cup & handle it looks like it will need to cool down a bit -- especially because of the HUGE shooting star on the weekly chart. Look to buy the upcoming pull back and consolidation. This will be rolling once again soon enough.
Based on the daily chart - look for a potential pull back to the 50SMA around $21.50 - however price is holding above the 9DEMA (not pictured). If you want to play the potential Bull Flag on the Daily - set a tight stop Just below $24 with a price target around $30
ATVI: Price $72.10
Activision-Blizzard has been in a rising channel since October '16. The stock peaked at the upper resistance line of $81.60 and pulled back to the lower support line. The stock will be in for some choppy trading for a while until the Weekly closes above$75.53 and the Monthly closes above$75.40
EA: Price $113.41
Electronic Arts is showing big weakness at the moment. The huge red candle on the monthly chart is resting on the SMA. This has been in a rising channel since November 2015 and is the first major break in either direction from it. If this doesn't bounce back the next area of support will be $105. Be careful, this has a falling knife quality to it at the moment.
TCEHY: Price $43.14
Tencent is trending south right now. It is currently resting on the SMA of the monthly chart. After a huge hammer back the week of August 13th - price continued to fall and broke below the close of that hammer just two weeks later. Price needs to close back above $49.50-$50 area to change the current down trend. At the moment, a possible area of support could be found in the $36 area.
ZNGA: Price $4.16
Zynga has been slowly moving within a rising channel since February of 2017. Price decisively closed above $3.99 on the weekly locking in the upward trend. It is probably too late to enter a trade as the target is $4.55. This is a stock worth following for the long term - I find the price movements to be reliable - for the time being.
I'll try to do better the next time.
Thank you & safe trading!
EA Sell Off - LONG Opportunity! Fundamentals - EA dropped more than 13% in two days following the announcement of delays in the release of the new Battlefield game despite EPS and Revenue still really strong. I believe that market overreacted and that buying this dip is a good short-term outlook for a 5-10% gain. In addition, Bloomberg published a review indicating that this small delay is not that bad for 2 reasons:
1 - Historically, the trade-off time/quality is profitable as a good game will sell more and overcompensate for the cost of waiting
2 - Battlefield was to be released between releases of Red Dead Redemption and Black Ops, two VERY popular games. A later release could give this game more exposure.
Technicals - MACD indicates that the stock is oversold. Price is testing a previous resistance at 114.90. On Monday, if price bounces on a shorter time frame (5min), I will be buying and aiming for prices to retest the long-term uptrend.
Announcement - I am working on creating a Weekly Swing website where I would sent out a list of Swing opportunities every weekend for the upcoming week. Every swing idea will be detailed with charts + fundamentals. If you are interested in subscribing, message me!
Battle V delay by a month. Going out to Nov for 105p/100p c.sneutral to bullish as selloff from Battle V launch is delayed
Electronic Arts Inc - LongStrong upward trend.
I like the correction, which shows signs of buyers defending the price area as another down retracement seems not to succeed in coming down to previous low.
Downward trendline provides support.
Buying into correction.
Both TP are relatively conservatively chosen, however, downward gap shows some weakness.
LONG EA Pirce broke above the assisstance line, attributing to terminate downward momentum in weekly. A daily demand zone was created by a gap up of price. Long bias
EA setting up for another leg higherWe have some nice short term and long term support on the daily and are currently sitting in the .616 fib of the recent leg up.
This could be a nice set up for a move higher after the recent sell pressure from the Battlefield V news.
Trend's Your Friend, Until The End When It BendsThis 2 year trend has rebounded the price 4 times previously, so by probability it could happen again. We're touching the 200 day MA which is one of my favorite points to buy if the stock is in a strong up trend. The gaming industry is only going to get stronger imo, there's always huge demand for it. Activation stock price is currently in a similar situation, so it wouldn't be a bad idea to split your entry position between the two. Of course there are no guarantees and both could plummet.
*** This is purely educational and not financial advice.
An easy way to find stocks at their top (maybe bottom too)Hello, tired of checking hundred of charts and forums etc?
No problem, CNBC is making it easy for you, calling people to buy at top's on a daily.
Not much explanation needed here, this is really simple and straightforward.
This could save us alot of time, with CNBC we can get trade setups quite often.
It is sufficient for someone trading stocks "on the side" as a second activity, second to FX or crypto.
www.cnbc.com
media.discordapp.net
www.cnbc.com
twitter.com
Not much more to add, it is at least a great way to check short setups you might have missed.
Got to check their site regularly thought.
Seriously, if you hunt for trades, just go check CNBC make a list ofd their "hot" recommendation, put that in a watchlist, and soon enough you will get a setup going against them.
EA Buy Opportunity, Testing Key SupportPrice remains intact in a bullish channel. Price could be heading lower to test the final key support as seen in the chart. Nevertheless, Q2 report was strong despite the recent dip.
Scenario one (Bullish rebound): Price bounce from support to the upside.
Scenario two (Bearish Breakout): Price breaks key support of the bullish channel.
EA tradeEntered $129.12 on 8/6 @ 9:30
Decided to exit early $128.21 on 8/7 @3:57 because I didn't like how price couldn't retake the $130 level and seems to be forming a descending triangle... a close below $126 could start a mass run for the exit.
BUY EA for the final phase of wave 5EA seems to be following an Elliot double (or perhaps triple) impulse wave. Plus, video game stocks are really hot right now and the addition of battle royale in Battlefield 5 might pull some players from Fortnite.
EA is heading $180 + by End of this year, quick profit of $30Entry point $150-155, quick profit at $182 November 2018, and Long profit of $60 around April 2019.
