ATVI: GOOD FOR A QUICK TRADE
Updated
ATVI:
I don't know where ATVI will be in 6 months but I like it now for a swing trade.
We're a bit oversold, the price is far from the 1st moving average and we have this gap, so I would expect some kind of bounce. If we don't get the bounce, it's fine, the support is quiet close, so we're not risking too much money.
My play would be a long trade from the current price with a profit target at 72.20.
Stop loss around 65.40.
Trade safe!
I don't know where ATVI will be in 6 months but I like it now for a swing trade.
We're a bit oversold, the price is far from the 1st moving average and we have this gap, so I would expect some kind of bounce. If we don't get the bounce, it's fine, the support is quiet close, so we're not risking too much money.
My play would be a long trade from the current price with a profit target at 72.20.
Stop loss around 65.40.
Trade safe!
Trade closed: target reached
Mission accomplished.
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