Last week, when we looked at Electronic Art's $EA price action, we were anticipating a bearish breakdown of a key support level.Electronic Arts (EA) Threatening a Bearish Breakout; $75-$80 in SightEA Daily Chart(click to enlarge)Bears Back in Charge:- As we can see on the daily chart, price rebounded in 2019, but remained in consolidation.- There was a bullish signal when price cleared the cluster of 200-, 100-, and 50-day simple moving averages (SMAs).- However, this turned out to be a false breakout as price retreated sharply back below $100, and now below the $90 support.- At this point, I think $90-$92 will provide resistance. I think a break above $95 will be needed to negate bearish outlook.- Otherwise, there is at least downside to the $75-$80 area. - The $71.50-$76 area represents a previous support area. If price can get into this area, I think we will see a subsequent bearish break.- A break below $71 should open up the $60.50 common support, with possible downside all the way down to $53.50 area, 2016-low.EA Weekly Chart(click to enlarge)