Games
SPYR, INC. Possible Bounce! High Risk Reward!keeping it simple.
This is high risk reward.
Looks to be respecting this wedge, and has slight positive momentum.
They just released their game app a few months ago, and seem to be working with cartoon network.
and once earnings come in for the quarter with the new numbers, this may jump.
We have a daily squeeze, waiting for the pop, loading a small position now.
Happy Trading, Debating, and speculating!
Blizzard strong buyFundamentals
81.57. O.42% DIVIDEND
Based in Santa Monica, CA
Full time employees: 9,625
Develops and distributes content and services on video game consoles, personal computers and mobile devices. Operates through 3 segments: Activision Publishing, Blizzard Entertainment and King Digital Entertainment. Its products include various genres: first person shooter, action/adventure, role playing, strategy and others.
STOXLINE rates it at a STRONG BUY with 4 Green Stars. Predicts stock will be 96.31 in 6 months.
EPS: 2.210
P/E: 36.91
P/E Growth ratio: 0.01
Technicals
ATVI is in a strong bull phase. It has broken new highs, but is pressing against the upper bound of the Kovach Reversals Indicator (KRI), which indicates that it may face a retracement soon. The Kovach Momentum Indicators are very strong, which again suggests we may face a retracement soon.
Will Games Workshop Group Breakout?Last post: June 11th. See chart .
Review: Price was holding at a support level.
Update: Price has since bounced off the support area and looks ready to tackle the resistance level just above.
Conclusion: If there is a breakout then we can look for long opportunities which may happen soon.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Games Workshop Group Pulls Back To SupportLast post: June 7th. See chart .
Review: Price had moved above the resistance level and was also above the £30.00 round number.
Update: Price has now pulled back to the support level which was previous resistance.
Conclusion: We have to see if the support level can hold price up. We can then look for long trades when the previous high is broken on the daily timeframe.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Games Workshop Group Breaks Round NumberLast post: June 1st. See chart .
Review: Price was trading above the previous resistance level but was coming up to the £30.00 round number.
Update: Price is now above the £30.00 round number and looking strong.
Conclusion: A breakout of a previous daily high will offer us the opportunity to enter a trade.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Games Workshop Group Growing StrongLast post: May 27th. See chart .
Review: Price had just broke through the resistance level.
Update: Price has now cleared the resistance and is facing the £30.00 round number.
Conclusion: We need price to rise above £30.00 before looking for trading opportunities. If price returns back to the consolidation zone then we need to stand aside.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
Let's cause a $RIOTHigh risk, high reward.
I am super bullish on Bitcoin; therefore I am super bullish on $RIOT. Now, let's cause one. Everyone says to short and that it's a scam. I only listen to the energy in the charts. The energy says that something is about to move. Call me crazy, but I'm in for the ride.
"Go out on the weekends, I barely. Peace & Prosperity." - bryson t.
Longest sideways movement this yearOne thing I was always taught was that bitcoin doesn't do sideways. Well, obviously it does. Either someone needs to restart the bot server, or whoever is keeping the price in this strict channel needs to work out what they want to do. Maybe we're in a negotiation phase. One whale (bear whale) wants to keep the price down, and is negotiating with another whale who wants to send it up (bull whale). Bull whale's nephew bought into crypto last week and is suffering a loss and is becoming disillusioned with the whole "future economy" thing, so now there's a board meeting to work out the new plan. Once that has been finalised, there will be some movement. They're probably writing up contracts this very minute.
BFXdata observation share for today
Walls
The bots appear to be programmed to buy or sell the walls when they come up to the top of the order book. These may be big orders by entities other than the bots, which means wall buying is a way to take a big chunk of someone elses' money. Sometimes these walls are created by their own bot accounts as a way of psychologically instigating a trader hitchhike (just coined that term), which happens when traders see the walls appear and buy or sell into them. Buy walls are usually a sign that the price will crash significantly, and sell walls are a sign of the price skyrocketing. This is because orders stack up behind the wall and when the wall is eaten away (or removed on purpose), the market orders will continue eating up the chain.
If the wall is monumental, for example greater than 1000 btc, they may be used to keep traders buying or selling above them. Once the bot wall begins to be eaten away, it will be removed and usually relocated to another price point to ensure the same behaviour is continued.
Told Ya So BTC Going UnderAs I said in my previous post, the falling volume with steady outbreak was just setting BTC up for failure. Here we are seeing it flush a little as expected, but there are only two options and for now I am holding a small short with a high leverage just in case it goes under as that small short could increase my portfolio by 20-30% if BTC decides to retest the 7k level again or even lower. Now for the options
Option 1(short): we go down to 9700 here testing the 200 day EMA, run up a little and come crashing through to retest lows.
Option 2(long): This downwards trend we are currently in will end soon and be the hand of the cup for the left shoulder sending us into the Bullish Market.
More TA on the way when we see what occurs.
NOT FINANCIAL ADVICE THIS IS STRICTLY TA AND MY OPINION ON WHAT SHOULD BE DONE WITH MY PORTFOLIO.
Gl Trading :)