EA trade ideas
Pin candle near supportIf you're a swing trader this might be a good point to catch the turning point
Does EA will Be Stock of the week? [a geek opinion]technically looks greate,under 94$ in trouble
This monday they are launching a new Game Mode in thier biggest franchsie "Battlefield".
battle royale such as fortnite&pubg made a huge fortune to their publisher in the past 2 years.
A month ago, a game named "apexlegends" made the stock skyrocket 25% in 3 days after the game as launched and bypassing 30 millions players in a week. will "firestorm"
in battlefield will crush the numbers again? everything could happen, keep an eye& stay tuned.
EA buyThe release of apex legends and the announcement of battle field 5 battle royale is backing this bull run. I initially bought at 96 but chart has given another entry
EA Electronic Arts Bullish BreakoutEA closed yesterday with a bullish in day candle, Bullish breakout over 100.29 can see the stock go to $108.
EA: Super bullish and ready to flyI see atleast 10% move higher. Setting up nicely as this is in last stages of inv h&s. Do your own dd.
EA Ascending trendline - good buying opportunity. Looks like we might see a bounce off of the support line of an ascending trendline. Whilst this is very simple analysis, if you believe that EA has the potential for growth this could be a good buying opportunity.
EA is finding short term supportNice break of the DTL today. Buyers have stepped in around pre earnings resistance. $100 level is the next test before $108. Actual upside could be gap fill just above $122
EA Long hereEA coming out with a game on Monday to compete with Fort Night. 25 million pre purchased games, earnings already behind them. Looks good.
$EA 4 million in call volumeLooking to see price action hold above the open of this Hammer Candle 2/22/19.
4 million in recent call volume.
Hammer Candle is resting right above a pervious price point of interest.
EAApex has been downloaded about 25 million times in the first two weeks. Fortnite was only downloaded 10 millions times in the first two weeks. With EA close to a support, an opportunity is formed. Target around 110 dollars, stop loss when the support is broken.
TRADE IDEA: EA APRIL 18TH 90/95/120/125 IRON CONDORMETRICS:
Max Profit: $175/contract* ($87 at 50% max; 38.7% return on capital)
Max Loss/Buying Power Effect: $225/contract
Break Evens: 93.25/121.75
Delta: .26
Theta: 121.75
Notes: Another scrounge-around trade in an underlying with fairly high rank/high implied (51/45) post-earnings.
Obvious Alternative Setups:
April 18th 95/120 short strangle, 5.11 at the mid, break evens at 89.89/125.11, delta -5.21, theta 9.11.
* -- Markets are showing wide here -- 1.17/1.75/2.32, so this may prove to be unsexy at NY open. I wouldn't settle for a fill that is less than one-third the width of the wings (1.67).
EA Sports Potential Upside Crypto Crusader here for another blue chip analysis.
Electronic Arts, alongside other major game publishing stocks has been on a steady decline after creating new all time highs. Free to play Fortnite while still growing, has taken a decent share of their customer population, based on the free to play aspects of Fortnite, along with the fact that Fortnite caters to a younger audience with an ever changing landscape throughout each season of the game. Electronic Arts hopes to gain customer support after releasing their new game, "Apex Legends." Regardless of the the IP (intellectual property) that "EA" and other companies a like will release in the near future of the coming years, the charts do look fairly promising for a strong setup for one more leg up to create more symmetry on the chart.
"EA" has yet to breach its lower long term trend line, on top of that a divergence in "RSI" following a decline in price makes this stock look great. We can see that weekly RSI for a moment dipped under 30 , to 21, becoming very oversold, creating a breakout alongside their new title. On top of this, the "MACD" had a convergence while at the same time being at its all time low historically for this stock. A final kicker for this entire trade is that on a weekly basis, EA had its largest weekly volume ever since around 1990, however, given the price of EA in 1990 was not even comparable, I would go on a limb and say this new weekly volume bar is actually the single most traded week in the history of the stock based on multiplying the current price by the total shares traded.
Good luck, and happy trading!
Crypto Crusader
$EA history is going to repeat itselfLooks like $EA has a smiliar pattern before. Is the history going to repeat itself?
Remember, gaming is a cyclincal business like it or not.
Question is, it took roughly two years for EA to find the bottom last time, how long do you think it is going to take?
EA Long on the ApexLong EA on current analyst upgrades , buy volume increase , positive Stoch and RSI and fundementals . Target price action in place.
