EA short term predictionIn this chart we are using MACD in order to predict the behavior of EA stock for the next few days. this is the first chart ( beginner )
EA trade ideas
EA has gone to far, time to shortEA has been buying and ruining franchises for a long time, now they are about to blue ball their stock holders aswell
EA Games! Waiting for a break outThe stock is in an ascending triangle.
Note the high level horizontal resistance, which has held its ground three times.
And see the support of the purple channel.
They make the triangle. Watch, as the situation develops.
Electronic Arts Short IdeaLackluster sales on Star Wars game. Missed EPS. Recent insider selling. Weak income statement with YOY operating margin increase and net profit margin decrease. Technically EA had a lower closing price and could not penetrate supply area today despite a + news release yesterday. Buyer sentiment is still positive tho. Counting on increasing volatility and weakness in the overall market I would expect a drop. ATR is 3.6.
EA stands at crossroadsWhen EA announced their earnings at the end of January, I expected a jump, but what occurred made me piss my pants. The stock price opened just below a previously speculated trend line. The resistance has held its ground and the gaming stock has retraced back below 125.00 level.
So what is in for the future?
The fundamental earnings jump has confirmed the existence of a medium scale ascending pattern (purple lines). Taking into account, where are the trend lines of the long term dominant pattern (blue lines), the stock is set for more and more gains.
However, that does not necessarily mean that one should just go long on the stock. There is something much more complicated.
The jump also confirmed the junior pattern (black lines). Although, after the bounce off from the medium pattern’s resistance, the junior pattern should become obsolete (it will be broken and sent to hell (or Valhalla, as it has served its purpose).
Before that occurs the black channel has one last trick up its sleeve. The lower trend line of it has not been passed. Actually, the drop on Friday stopped just before reaching the support line.
Due to that reason on Monday one needs to watch, whether it holds the ground or lets the stock fall down. If it lets it pass, then the range down to the support cluster that surrounds the 120 mark will be targeted.
On the other hand the support might hold and propel the price into another attempt to break properly above the 130.00 mark.
Meanwhile, I have conducted an experiment with the Fibonacci retracement levels. By setting the 100% mark at the low level of the black channel and the 0% at the high achieved after the earnings call, it can be seen that the first notable retracement level at 126.50 provided support to the stock.
Coincidentally or not the next one is crossing the support line of the channel. Sooooo.. to be exact the 124.00 level will be on the spotlight on Monday.
Yours sincerely,
Y
Congestion As An Opportunity Hi guys. I think EA is showing a good set up but we just need to wait for a confirmation. I'm going to treat this as a failed breakout and a bull trap should the price move lower out of the congestion area. Thank you.
EA Weekly Head & ShouldersLooks like EA is forming a weekly H&S with a neckline at roughly $105.50 and with the shoulders and neck at about $116 and $122.75, respectively. A few notes on the formation are listed below:
1 - The beginning of the H&S formation shows strong volume on the way up, as a good H&S pattern should, which subsides as the head is formed
2 - The fall from the neck is on strong volume, with the bounce off the neckline showing lower volume (the creation of the right shoulder).
Note the RSI, CSI, and Stoch, all moving lower even though the formation is moving relatively sideways (or up if looking at the left shoulder to head).
The black lines at $91.75 and $75 are my target points should EA complete the H&S pattern and break below the strong trend line that begins (on my chart) in July of 2015.
EA EntryEA has been one of the most attractive stocks in 2017. They are very promising in 2018 with their AI implementations in new games.
Price Reversed from 38.2 level, with reversed shift in momentum.
Planning to enter and buy once the price confirms the break out of the pullback trend line.
EA LongBased on technical analysis, EA has major upside risk. The value of the stock is suppressed right now due to the bad publicity of their starwars game
EA - Mar.'18 Exp. Put Vertical Credit SpreadTrade details:
100/90 Put Vertical Credit Spread @ $1.85
Prob. of Max Profit = 68.04%
Prob. of Max Loss = 11.34%
Break-even @ $98.15
84 D.T.E.
Trade plan:
Entry by oversold + support/resistance analysis
Expecting old gap-up support level at $104.50 to hold after recovering from breakdown test on 12/04/17, until Mar.'18 expiration.
RISKS: Break-even within the at-the-money straddle expected move by expiration; bid/ask spreads ~$0.23 on entry; earnings announcement before expiration.
Expecting to adjust to minimize loss if price tests break-even level and consolidates.
Approaching earnings date will be used as needed to roll spread - to take advantage of swollen IV - unless trade is a quick loser before then.
Risky trade requires more days to work and to allow room for adequate adjustment.
$EA - EA Electronic Arts - BuyTrade active on EA at $112, stop at 105.
Huge volume at $110 level propping the price up. Good fundamentals and with the xmas season coming with the new xbox one X, Nintendo switch and PS Pro it should see good results into next year.
Target of $138.
EA30th Nov. Massive Gap post earnings in May. Retouch at 105 Support. RSI Oversold. On Watch 115 Jan Calls
Electronic Arts, long bullish road ahead?The Breaking of the flag which was confirmed by the closing of the stock above 74.60$ is very bullish. The stock might rally to 121$ level. the only nonconforming indications come from the bearish divergence on the RSI and MACD. A closing below 74.60$ will invalidate the scenario.
EA - Inverted Fallen angel formation short from $109.87 to 100 EA seems breaking down from an upward channel formation in the weekly frame.
It also seems making an inverted fallen angel formation. We think it has huge downside potential if it breaks its channel. To trade this we would consider January $100 Puts are, trading for $1.70
* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Inverted Fallen angel, Upward channel breakdown short
Entry Target Criteria- Break of $109.87
Exit Target Criteria- 1st Target $100.37, 2nd Target $78.33
Stop Loss Criteria- $115.87
Special Note- Would consider January $100 Puts, which are $1.70
Please check back for Trade updates. (Note: Trade update is little delayed here.)
