VMW trade ideas
Activision longFractal indicating a smash through the 1.618 resistance of the Fibonacci circle for Activision
Activision Blizzard - Short & Long Term OutlookHas bounced through different fib levels perfectly.
Has performed really well in this ugly COVID-rekt market.
Bearish divergence possibly forming with a new micro high which would be at the .618 fib level, look to dump there first.
BUT, from an overall long-term perspective it looks very healthy and bullish and would love to see how it performs especially when markets begin to recover as a whole.
Will continue to keep an eye on this stock in the next few weeks.
Cheers.
ATVI (Blizzard) / USD - Weekly Short-mid term forecast
Looking for a push up towards 77.20 within the next couple months.
FA: The Covid crises have impacted most industries for the worst, however the gaming industry
in particular has been travelling well. The increased demand in gaming, release of popular new
games and the much anticipated arrival of new generation consoles kept consumer demand
trending in a bullish direction.
TA: As bullish as the FA is, entering the long trade still may require some patience. Currently looking for
a bullish close above 68.30 on the daily (or 67.80 if entering on the 4H) and then watch closely for a potential re-test of local support.
approx 12 days ago ATVI saw a strong break above a swing high resistance line of 64.40, posture remains
in tact. Conservative mindset, anticipating another re-test of support closer towards 64.80. A more opportunistic
mindset may look for an entry within the more immediate term.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.
ATVI approaching a wave 5 I’m long til About $70-73 on this one a Wave 5 developing. Also a Harmonic developed around waves 1-2.
Activision - Possible BreakoutFor the past week and a half, ATVI has successfully consolidated in the highlighted zone. With the Call of Duty Mobile World Championship kicking off on April 30th presented by SNE and lasting until May 24th, the price may breakout upwards on investor confidence of the revenue generated by the broadcasting of the Championship this upcoming week. Also with the stay at home order in place for the time being people are playing more video games than ever and will continue to do so in the foreseeable future as technology continues to advance and the coming releases of the PS5 (SNE), and the Xbox Series X (MSFT) on the horizon.
Activision Weekly ShortShorting this range with stop at 68.33.
Momentum is up on the weekly but this looks like a decent Risk to Reward play.
ATVI - Bullish flag formationATVI has definitely showed its strength in the past month and needs exhaustion. The $64.4 area looks to be a critical point for ATVI, as it looks to rest for the next couple of days to retest previous highs. If we look at the area near May 1st, you can see that ATVI has strayed a bit too far away from the 50MA and needs to comeback to touch. If you extend the moving average in its given direction, you can see that it goes through that $64.4 level near May 1st -( maybe 2 days before) going in that upwards direction. Also take note of the uptrend channel as the price has broken out upwards and needs to retest which should also happen around the lasts days of April. Lastly as stated before, the price needs interaction with the moving average sooner than later and usually when prices test an uptrending 50MA they bounce off in an upwards direction.
ATVI longACTIVISION is a video game software company with a promising future due to its Call of Duty franchise and games alike. ATVI may be a fruitful investment for the long term with the prices already surpassing highs prior to the start of the COVID-19 Bear market, its one of the first companies to have fully recovered all of its losses from 2/20/20 to 3/20/20 (COVID-19 Low). As of 4/16/20, ATVI has broken the high of $64.44 (2/20) trading above $69 in after-hours. From its low of $52.05 on 3/20/20 to now it has recovered 100% of its losses with a beautiful pivot and is now up 30.64% in a month. Not to mention the release of newer game consoles such as the long anticipated PS5 from Sony (SNE), and Xbox Series X by Microsoft (MSFT), it is easy to see that ATVI will be a greatly benefited stock given these circumstances and will certainly test the $80+ highs recorded in the Fall season of 2019. If you're looking for virus proof stocks to add to your portfolio, Activision (ATVI) is high on the list.
Activision Blizzard $ATVI#ActivisionBlizzard just broke out the resistance with volume just above average. RSI is still week and strong resistance ahead where may stall and pull back.
One for the watch listNice confirmed uptrend (above all 3 upward ma's) and appears to be breaking out of an Ascending Triangle
$ATVI Bearish volume suggests going back to 46 Complex signals here specially with volume and candlesticks but on larger view its looking more bearish than others . could bounce back to 60s then drop again . coming earning end of April . Strangle will be nice as its heading for +/- 10% from 56.96 . if break down 50 then 46 will be 1st target! from other-side if closed above 62 then will be extreme bullish . lets see now its about expected ER.
ATVI Round UpATVI is rounding back up in a pattern to take it back to its previous highs at the $63 level. It closed over its 50 sma today, signaling bullishness.
Gamers rise upPotential swing up play on ATVI. Levels look good. Has held up well in these market conditions.
Looking for bullish reversal signals under $50
Kids are home...mom's buying gamesLooking at the 50ish range for a first entry with a tight stop under and then other green range down. Stops are always put a little under the fib ranges. Oh.. So the boxes are all made use PA anchored fib extensions. White to white is "box" and orange to orange.
