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- $EA - Electronic Arts Inc
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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 major support level @ $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
Short-Term Call Options
I’ve got eyes on September 150c’s for about 2.00 per contract
Long-term shares is the core thesis though.
Conclusion
I think this is an amazing long-term stock.
$120 area is the most logical basis for risk, a bit too loose for option contracts in my opinion, but that’s my personal risk tolerance!
🚨🚨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
Thanks for reading! I hope you found value.
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