TRADING TIPS

EA Looks Like it’s Going to Drop

Hubert Senters here. Let’s take a look at EA, Electronic Arts. I’ve got a game coming out. Pre-orders are not great. The reason I know this is because I have a 17 year old. And he plays a lot of video games. Now, you can see you’ve got a nice little run up here. A gap down through the cloud consolidation and a gap down again. So where is EA going to come and arrest too? Probably in the area of a hundred dollars even. Let’s just look back in time here a little bit. See some support and look there weekly it looks pretty stout. It looks like it’s just selling off into the cloud. It may get dethroned as one of the top game publishers’ maybe not but let’s see. It does have a little support here so I’m not going to say blankly go out and short up because the target would be fairly tight but if it does break this area that it’s on right now then it could potentially go to $104 so that’s about a 10 point drop. If it breaks $104 then it’s going to drop to $80 so I would probably break first and then do a target of $80. Good luck. Hope it helps. See you on the next video. Hubert.

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