EAD trade ideas
EA - Common StructuresViewing similar structural formations at different points in time on EA
This is enhanced by the fib circle, which allows the view of a larger up move following the yellow (1) formation in circle.
Red is a double top.
White are double bottoms. Along with yellow which are also double bottoms, but are closer to the break out point for the bulls.
Watch $EA for a BUY (Break-out)Watch $EA and above red line is a break-ot buy! Resistance @134.11 from a trend line in the daily time frame.
A resistance zone ranging from 139.01 to 143.14. This zone is formed by a combination of multiple trend lines in multiple time frames. Watch the stock above day resistance @134.11.
EA Iron Condor Idea for a 9/30 ExpirationEA IRON CONDOR IDEA
CREDIT: Looks to be around $40-45 right now.
Collateral: $500.
9/30 EXPY (39 days).
$155 long call strike price.
$150 short call strike price.
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$110 short put strike price.
$105 long put strike price.
Short Strikes allow for approx. 18% up and 18% down from current price (as of 8/19 close).
EA: Short UpdateThe 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 downward guidance revision. In my opinion, they lost their monopoly position their biggest product line - FIFA and I suspect this would put continued pressure on the stock. However this may take some time to play out and shorting this name until this realizes could be expensive. I will hold my residual position for a couple more weeks to see if the sell off picks up -either analysts come to their senses and mark down the stock or the market continues its sell off and the beta drags it down.
I've updated my support line (for the wyckoff distributional channel) and will seek to cover the position if it reaches the midline. This will tell me this is actually an upthrust - which it could very well be with the volume and speed it reached the support. My PT still remains to be min $80.
EA Long CallTrade : 001 (Long Call Option)
Lot Size/$ : LotSize: $:
Date : 02.06.2022
Time : Open: Close: Duration:
Selfcheck :
Catalyst :
Market Bias : Investing.com - Downtrend
Finviv.com - Downtrend
Investing.com : 4 Strong Buy (Uptrend)
Moving Average : TF H4 Blue above Red
TF H1 Blue above Red
TA : Candlestick : H1 Bullish Engulfing
B.O.D
Keltnel Channel
Trading Plan : Entry Price -
StopLoss SL -
T.Profit TP -
Watchlist : Electronic Arts,
Monitor :
Journal : P/L- P/L%-
EA: Weak Fundamentals / Approaching Climactic of Distribution- 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
- Catalyst will probably a new wave of general market weakness for the final breakdown
Electronics Arts USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
ELECTRONIC ARTS INC - WYCKOFF REACCUMILATION 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 out. If so, this can fetch a insane gain!
If i see the buy the dip opportunity will update, otherwise. Break of structure could possibly happen in the next year or so.
Lets see what the institutions want to play here. No trade set up yet, but whatever it turns out to be it could be a big one!
i have my money on re-accumulation
#EAElectronic Arts ... what if NFT!? Mega freaking rising wedge, if it does breakout the pump could be massive, a la NVIDIA.. What could be the catalyst I wonder... what if will announce NFTs? High risk high reward play, watch for the market and a possible correction in the next weeks. Time frame uncertain, could be weeks..or longer.
PT:170$
Stop loss if breaks major trendline.
All major daily EMA at support. It's make or break.
EA earnings on 2/1 at 4pmElectronic 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 billion for Q3 ending December 31, 2021. The current consensus earnings estimate is $5.14 per share on revenue of $7.57 billion for the fiscal year ending March 31, 2022. Here's levels on the 1 day chart:
Q3 Consensus:
EPS = $3.20
Revenue = $2.68B
Fundamentals:
P/E = 48.59
EPS = $1.63
Revenue = $1.84B
Cash = $1.63B
D/A = .15
Div/Yld = .515
52 week high = $150.30
52 week low = $120.08
SMA200 = $138.34
SMA150 = $137.13
SMA100 = $134.69
SMA50 = $130.69
breakout = $147.75
R3 = $144.39
R2 = $141.03
R1 = $137.67
pivot = $134.31
S1 = $130.96
S2 = $127.60
S3 = $124.24
breakdown = $120.88
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Electronics Arts USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions