EA trade ideas
EA flies the flagVideo gaming stocks are strong overall with $ATVI hitting a new high in late Dec and $TTWO hitting one this week. $EA surged and then consolidated with an imperfect flag. This is still a consolidation after a big move and a bullish continuation pattern.
EA Coiling Suggest 144 Comes Soon, If History Repeats?Gaming hasn't really been affected like other markets regarding the political shift in the U.S. Stay at home 2020 orders helped boost gaming revenues and it doesn't seem like it'll slow down anytime soon. 2021 lockdown orders in the UK and possible covid variants could be a buy and sell the news for at home stocks like EA, TTWO, ATVI.
IT'S IN THE GAME!Looking for a squeeze to test $147 again then if we break that wall on to $150! I plan to scale in at $143 or lower with debit spreads with Jan 29th or Feb 5th exp. LMK what you think and what your plan is!
EA Ready For Higher Prices?With the stay-at-home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. EA seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $128 resistance on the daily chart, then a weekly close above $147.
Ichimoku entry EAconsistent strength through the cloud, I'm not sure if that's good or bad honestly. A relatively big name for my humble list, excited to see if the strategy pans out on this one.
Trailing stop of $1.27 to be entered at price target $138.46. Stoploss at $130.89
$EA at resistanceLet the bag holders shake out, if/when we make it above the $138-$140 level, we are melting up again
Still love this stock along with ATVI. It is finally getting the attention it deserves from analysts and algos
$EA - a lot like ATVIContinue to make $$ every other day buying and selling options.
The trend is our friend. Continue to play this stock until the trend reverses or the stock pulls back to take a break.
Will be buying the dips and continuing tracking daily progress.
EA - Trendline break and moving average crossoverElectronic Arts NASDAQ:EA is showing a potential bullish turn. As shown in the chart above, the downward trend line with multiple touches have been broken with enough momentum for the moving averages to crossover. The stock may pull back to the moving average in the short term providing a bullish opportunity to go long.
EA over 128.70This name has not been able to catch a break, even on good earnings, but could rally along with the rest of the gaming sector which looks to be heating up into the end of the year.
Electronic Arts before trend reversalIt seems, EA can break the downward trend that has been going on since August. And this structure is similar to spring.
Worth watching :)
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything
Be patient, be careful!
CAN ELECTRONIC ARTS INC STOCK GET A BOOST BY THE HOLIDAY SEASON?We are now in one of the busiest periods for retailers, as consumers are in an active shopping spree, which could last for the whole month. Certainly, due to the pandemic, some shoppers are avoiding their usual visits to stores. However, online retailers and those traditional stores, which have the option to deliver to people’s homes, could see an increase in their sales this month. Will those sales be able to beat the previous year’s figures? Well, we will just have to wait and see, but due to the unusual global health situation and the fact that some industries are laying off workers, there is a chance that the numbers might be on the modest side. That said, one industry, which might benefit from this holiday period, could be the video gaming one, as people are forced to remain indoors. One of the benefiting companies could be Electronic Arts Inc. (NASDAQ: EA). Although huge gains are not expected, still, it might end up being a relatively good month for video games makers.
Looking at the technical picture of EA, we can see that yesterday, the stock broke above its medium-term tentative downside resistance line drawn from the high of August 26th. At the same time, the stock continues to balance above a short-term tentative upside line taken from the low of November 9th. Although the current indication of the next potential move is for the upside, we would still prefer to wait for a break above the 128.69 barrier, marked by the highest point of November.
If the pop above that 128.69 hurdle occurs, this may help attract more buyers into the game, potentially opening the door to larger extensions higher. That’s when the stock might travel to the 134.00 zone, which is the highest point of October. Initially, the share price could get held around there, but if the buying-power is still strong, the next possible target might be at 144.50. That area marks the high of August 26th.
Alternatively, if the share price declines rapidly, breaks the aforementioned upside line and then also slides below the 119.78 hurdle, marked by the low of November 24th, that could spook new buyers from entering any time soon. Such a move may increase the stock’s chances of drifting further south, where the next target might be at 116.66, or even at 110.21, marked by the lowest point of November.
Disclaimer:
The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. The Group of Companies of JFD, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyses and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyses and must therefore be viewed by the reader as marketing information. JFD prohibits the duplication or publication without explicit approval.
There are risks involved with trading of cash equities. Past performance is not indicative of future results. You should consider whether you can tolerate such losses before trading. Please read the full Risk Disclosure.
Copyright 2020 JFD Group Ltd.
$EA - getting in, in a big way
As part of the larger story in gaming plus analysis for reversals from the past 150 trading days show, we can find stocks waves to ride upward.
EA , ATVI and FEAC are all part of the same story.
Check out those other charts.
$EA - ELECTRONIC ARTS INC // LONG$EA is flagging since early august, bounced nicely around .618 FIB. Going Forward, this should act as key support. Currently oversold.
Targets are given in the chart.
NASDAQ: EA / Electronic Arts Hi.
Look at this beauty.
If you want new shares, like wildly and follow wildly.
It is my personal opinion.
It isn't investment advice.
Electronic Arts Inc - time to buy?good company with good performance. Famous gaming franchises are expected to come out next year
Potential EPS beat of at least 50%EPSBeat's algorithm has detected a potential EPS beat of at least 50% on ticker EA. EA is set to report third-quarter 2020 results on Nov 5, after market close.
EPSBeat's algorithm has successfully predicted 13/14 earnings beats for the week of Oct 26.
The tickers that beat were CHGG, HSII, HSTM, TNET, HLIT, FEYE, FVRR, EEFT, AVT, WDC, TAP, OSTK, SHOP.
The ticker that missed was RL.
