Electronic Arts (EA) AnalysisAfter the investment made on Activision last week, today I bring you an analysis on EA (Electronic Arts).
The mother of Fifa and Madden (for those who were not interested in video games, let's talk about the company's core business), ended a long accumulation phase that lasted from December 2020 on Friday, when the price broke the support structure in the $ 135.30 zone
Possible bear trap to create liquidity again and then start a new uptrend. In this case, the resistance to break is $ 149.
If, on the other hand, the price continues to fall, the most interesting entry levels are:
- $ 127
- 112.50 (definitely the most important and attractive level)
Only due to a major reversal of the Nasdaq, EA could it go below this price.
Moreover, we find ourselves in the best time of the year precisely due to the fact that the two previously mentioned video games are out (or just released).
EA, an interesting company in the videogame sector, especially after the subscription service, EA Play, became part of Microsoft's Game Pass , another subscription service to "Netflix" which, with a monthly fee, allows customers to use content .
This too should help the turnover of Electronic Arts grow, which is composed of two other pillars: the sale of video games and in-game microtransactions.
Happy trading.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
