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Electronic Arts Inc. (ERTS) Message Board

  • mazracoth mazracoth Jul 20, 2010 10:03 AM Flag

    Double kiss

    Ok all, I might have some good new for those of you that want to go long. The chart has just made a double kiss. What that means is that the 10 day MA has moved up and just touched (kissed) the 20 day MA before falling again. However the price move on this second leg was much stronger to the upside then the first move back in the midle of june. What I see happening now is for the price to retest the 14.06 low. what we want to see before buying is the price to bounce off 14 and climb back above 14.60 before we jump in. If the price breaks the 14.06 low then we go to 12.60 to 12 70. that should be the low for this stock. So you can still short the stock from here to 14.00 and if it breaks 14 then ride it down to 13 before you cover, then go long.

    Good luck all

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