Symmetric Triangle on EA Stock
A symmetric triangle has developed on Electronic Arts Stock. When the price breaks either the top or bottom line, a place position is recommended. As seen on the graph, we are going for a long position when the price breaks the upper line of the triangle and continues upwards.
The position is to be placed around $98.59 per stock. Stop loss at $93.20 approx. around the latest minimum point. The take profit should be, as long, as the base of the triangle) represented by blue dotted lines). Risk Reward ratio 3.78.
The position is to be placed around $98.59 per stock. Stop loss at $93.20 approx. around the latest minimum point. The take profit should be, as long, as the base of the triangle) represented by blue dotted lines). Risk Reward ratio 3.78.
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