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Electronic Arts Inc. (ERTS) Message Board

  • drac1us drac1us Jan 20, 2002 11:42 AM Flag

    ERTS technicals

    The last downtrend was from 63.70-52.57. The retracement fibs for this downtrend are

    56.63
    57.98
    59.37

    She would need to break 59.37 to conclude the current downtrend. So far the retracement has only gone to 55.55 with a lower volume pullback on thursday and friday to 53.70 I suspect that ERTS will make one more push up, making it at least to the first fib at 56.63, at best maybe to the second fib near 58.

    If she continues straight down at this point, she could go as low as 44.

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