EA 150EA closed today at 138. Zooming out you can see a cup and handle. Gap fill will be quick so might hop in tomorrow lol. People are home so gaming is increasing. More revenue. All time high is 151. Probably going back to that after the gap fill.
ERT trade ideas
ELECTRONIC ARTS INC: TAKE OFF AND STRAIGHT TO RESISTANCE !!After going back 50% of the entire rise since 1990, we have one of the top three video game producers in the world and exclusively for sports games growing consistently and consolidated. price level 151 is now a reality soon and more with the launch of its long-awaited video game the latest star wars saga.
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EA will grow this year. Chineese will play games at home while coronavirus spreads outside their homes. So I m sure EA revenue will grow thanks to the epidemy.
Moreover EA will grow just thanks to it Live-services that helps to raise microtransactions amount among players (70% of its revenue in 2019).
I wish a good luck China and the whole world in fighting the epidemy.
EA Flagging with Gap to FillEA is creating a flagging pattern with a breakout spot around roughly $120. Once 120 is broken, there is a gap to be filled in the daily chart up until $125. It has already tested the 120 area 5 times, i think is bound to breakout up into the 125 range where it will meet resistance.
EA good for Long-Term. Here's Y:NASDAQ:EA P/E: 11.46 PEG: .94 Price action above 20, 50, 100 day averages, EPS Past Five Years: 165.3% , EPS Q/Q: 36.6%, ROA, ROE, ROI all above average and high positives, Gross Margin: 75.3% , Profit Margin... Cons: None. Stay at Home kids buying video games. Great pacifier for overwhelmed parents
$EA await break obove Fibonacci resistance
Despite earnings beat the stock remains under resistance.
Possible short term trade to the top of channel once again but best
risk reward to to await a clear patch to ATH levels.
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Buy ELECTRONIC ARTS [NASDAQ: $EA] | 5.8.2020 | Eric ChoeMy name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
