$EA Possible breakout in Electronic Arts Alert set for break above $109 with a nice trade opportunity for a possible 10% gain before hitting serious Resistance
0IFX trade ideas
EA - Breaking out with ATVIThis one looks like it's primed for a breakout, given the recent ATVI breakout and the recent clearance of the 105 level. If we see it close above 105, I'll buy some calls and double down above the 109 spot.
$EA Electronic Arts Bullish pre Christmas Entry level above daily resistance $103.81.
Target price $106.41- $113.30
11.24 P/E ratio
Company profile
Electronic Arts, Inc. engages in the provision of digital interactive entertainment. It develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments. The company was founded by William M. Hawkins III and William Gordon in 1982 and is headquartered in Redwood City, CA.
EA resistance and HS BreakoutEA Has confirmed breakout from the trendline that acted as resistance since the beginning of 2019. Initial target 115, secondary target 120.
Update from last weekThis looks great on weekly, prefect backtest of breakout and closed over last week's high.
EA rising wedge breakout, attacking resistanceinsiders sold some stock, but stock is not falling, but rather attacking resistance
ADX confirms direction
ATR% (low volatility) - expect large move
moving averages very tight
Trying to breakout$EA looks like its trying to breakout, been tricky lately but watch for 102. break or retest of breakout
Electronic Arts testing trend line and $100Being stuck in this falling range for a while, EA is testing top of the range again, a break of line and $100 is a good buy signal. Recent swings give a good stop level and risk-reward.
As part of S&P500, this gaming giant has a $28.48B market cap. Price target of most banks and investment funds in this stock is around $120 and higher.
Alternatively if we see a rejection from the trend line, short is possible with a stop above $100 with a buffer.
Good Luck!
EA Looks Poised to Break OutNASDAQ:EA - After a surge from late December to mid February, the stock embarked on a long correction as it retraced around 61.8% of this advance with a falling channel. EA established support in the 88-90 area in July-August and held above this support zone during September-October pullback. Thus, a higher low is taking shape and this could be the start of another leg higher. The stock broke above the red resistance zone this week and I expect a break out of the big falling channel.
Possible Test of top channel coming.Test of top channel.
Looking for a break of Resistance at 105
Rising RSI
Three Percent Trade Idea: Go long EAHere is a great opportunity to go long on EA.
At Three Percent Trades we have a price target of $130.00 / share, which is a potential upside of 32.4% from the current level.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
SAR INDICATORWe can observe sar, a trend indicator. when sar is above prices it indicates a downward trend, while if it is below prices it indicates an upward trend
Inv Head and shoulders on EAstill can hit $90 and be valid unlikely at this point. wouldnt recommend a position but I will be watching for a breakout
$EA Animal Crossing: Textbook Bat Pattern!1 Like = 1 Vote to rename "Harmonic Patterns" to "Animal Patterns"
Goodluck :)
