Microsoft had agreed to acquire Activision Blizzard ATVI in a cash deal valued at $68.7 billion, equal to $95 per share. Activision Blizzard owns some of the most popular gaming franchises globally: World of Warcraft, Call of Duty, and Candy Crush. So there is a 17% upside arbitrage here, if the deal does close.
Get in what are you waiting for ! Target 91$ Stop loss at 78$ TradeWise
Activision Short Term We look to Sell at 75.92 (stop at 78.77) Preferred trade is to sell into rallies. Previous support level of 76.45 broken. Selling continued from the 61.8% pullback level of 85.33. There is ample scope for a move lower from this important resistance. Closed below the 20-day EMA . Our profit targets will be 65.12 and 56.10 Resistance:...
Activision Short Term We look to Sell at 75.92 (stop at 78.77) Preferred trade is to sell into rallies. Previous support level of 76.45 broken. Selling continued from the 61.8% pullback level of 85.33. There is ample scope for a move lower from this important resistance. Closed below the 20-day EMA. Our profit targets will be 65.12 and 56.10 Resistance:...
Microsoft`s buyout of Activision Blizzard is for $68.7 billion, so $95 per share. If the deal will work out, you are getting ATVI shares at an important discount today! Looking forward to read your opinion about it.
Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time. Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019, Momentum divergence on RSI and cross over on MACD, Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this...
Activision Blizzard is once again at the channel resistance. Additionally, there is an inverted head and shoulders. We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75). According to the indicators, we have a bullish background. I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round...
Fractal indicating a smash through the 1.618 resistance of the Fibonacci circle for Activision
Two rising wedges ATVI and AMZN ATVI has already undergone a breakdown phase good for a short due to it being at a critical Fibonacci resistance, looking to recover on a long term uptrend AMZN is quite extended and should pullback
Activision has formed a rounded bottom, which I first thought may lead to a cup and handle. However it looks as if this is turning into a long term continuation of the bull trend. A clear island bottom can be observed (gap), also a recently formed bull flag. Also included a bull flag pattern for anyone interested.
Activision early cup and handle formation, clear cup has formed. Both situations are bullish and lead to long term continuation of the uptrend established. Great long after handle has formed.
As you can see RSI and resistance level intact for short
IMO this is a great time to buy ATVI.