munyaelliott

ELECTRONIC ARTS (EA) 4-HOUR TIMEFRAME LONG

Long
NASDAQ:EA   Electronic Arts Inc.
Price is currently forming what looks like a bull flag pattern. If prices can break higher above $100, that should be a good indication of possible bullish momentum. Hwever, traders should exercise extreme caution and proper risk management as the last bull leg stopped abruptly, signalling the presence of sellers at every corner of this market!. Here is how i would enter this trade:

STOP LOSS: BELOW 90
ENTRY:100
TAKE PROFIT: 120

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