A price move for shares of East Side Games Group (TSX:EAGR) above horizontal resistance at about $3.30 would complete the technical pattern
Dwight Galusha | December 15, 2021 | SmallCapPower: East Side Games Group (TSX:EAGR), formerly operating under the name Leaf Mobile Inc, is pushing up against the underside of a multi-month downtrend line with a slight increase in volume as the PPO momentum indicator curls higher off the zero line. Watch for a breakout. A price move above horizontal resistance at approximately $3.30 would complete the technical pattern and suggest that the bottoming process is complete.
East Side Games Group is a leading free-to-play mobile game group, creating engaging games that produce enduring player loyalty.
The company’s studio groups entrepreneurial culture is anchored in creativity, execution, and growth through licensing of its proprietary Game Kit software platform that enables professional game developers to greatly increase the efficiency and effectiveness of game creation in addition to organic growth through a diverse portfolio of original and licensed IP mobile games that include: Archer: Danger Phone, Bud Farm Idle Tycoon, Cheech & Chong Bud Farm , The Goldbergs: Back to the 80s, It’s Always Sunny: The Gang Goes Mobile and Trailer Park Boys Grea$y Money , RuPaul’s Drag Race Superstar and the soon to be released, The Office: Somehow We Manage .
East Side Games recently reported Q3 2021 revenue that rose 4% year over year to $19.0 million.
Dwight Galusha is a Chartered Market Technician (CMT) whose work can be found at www.SetYourStop.com
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