Despite notable bearish attempts, upward momentum in Electronic Arts has remained strong, once again pushing price toward resistance at $169.82. If the stock breaks above this level, this will suggest that the major correction concluded with the low of beige wave alt.IV at $114.60, and that a sustainable rally as part of wave alt. V is now underway. However, in our primary scenario, we still see EA in a downward impulse, which is expected to eventually break below support at $114.60.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.