Home About the company Daily reviews Trade idea Electronic Arts Inc. (NASDAQ)

Trade idea Electronic Arts Inc. (NASDAQ)

02.02.2022

Market Review

#EA

The descendant wave structure is truncated. The share fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area. The entry point is forming on the pullback B.

Trade idea:

Buy when the ascendant wave structure is formed, where a wave (A) breaches through the inclined channel of the descendant truncated structure.

Stop-loss below the local minimum of the descendant structure. 

Target levels: 140.80; 145.90.

Author: GC
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