SpinTrades

Oversold looking to move higher after breaking symmetrical wedge

Long
SpinTrades Updated   
NASDAQ:EA   Electronic Arts Inc.
After an inside week, EA was on my watchlist this past week and unfortunately fell out of the symmetrical wedge as the market pulled back. Short of a catalyst the low volume was not enough to propel it upward. Closing at just over $130 it seems to have found support from the lowest fib, and with oversold conditions nearly <20 SlowStoch an aggressive and safe entry is provided at the fib levels shown. Most conservative entry would be on a break of the .786 fib with first target above.
Comment:
Never triggered. Unfortunately the bears have won it, this stock dipped further but not below the next fib not pictured in this chart.

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