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- $EA - Electronic Arts Inc
$EA - Electronic Arts Inc
Multi-Year Ascending Triangle
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EA

6 Month Interval
For about eight years, price has been compressing into an ascending triangle- a bullish continuation pattern.

Quarterly Interval
Increasing volume hammer off largest dark pool on record @ $130.20
$137.06 key pivot

Monthly Interval
Crystal clear accumulations over the last 4 years
Clean break of downtrend, retest, and bounce on increased volume forming the last quarter’s candle.
Imbalances @ $146.72 & $150.30
Unusual Options Flow

$1M 9/20/24 OTM 150c Buyer
I’ve been watching this chart for a while now-
First mentioned it to AllllSevens+ subscribers in the Discord last month.

The flow today is by far the largest and most aggressive I’ve seen.
Since ,my recent thesis on MARA got stopped, I figured I’d share this EA thesis for free instead of keeping it private.
Conclusion
I think this is an amazing long-term stock.
$120 dark pool & trend support is the most logical basis for risk, a bit too loose for option contracts in my opinion, but that’s my personal risk tolerance! Someone with $1M thinks otherwise…
🚨🚨EARNINGS IS AT THE END OF THIS MONTH 🚨🚨
Whether this ER sees a positive reaction does not change my 6 month thesis, but it sure as hell will affect the premium on those CALL OPTIONS
Don’t be stupid. Manage and take calculated risks.
Thanks for reading! I hope you found value.
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To view whales on the options flow yourself, here is my referral link:
http://staygreen.blackboxstocks.com/aff_c?offer_id=5&aff_id=2544
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