VMW trade ideas
$ATVI Day trade in Activision BlizzardEntry level $ 58.89 with the gap fill target at $61.70 for a +4% gain
Stop loss close at $58.21
ATVI, Activision Blizzard Inc. - Breakout on Ascending TriangleNASDAQ:ATVI
Breakout on an ascending triangle of continuation. Activision Blizzard is a leading gaming company that grew 600% from early 2013 to September 2018, and then, due to too many expectations about unearned profits, there was a price decline of 50% in a time frame of only three months. An interesting opportunity to come back and ride a possible new trend.
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$ATVI Inverse Head & Shouldersstill waiting confirmation but it is likely setting up to be a inv h & s
ATVI Ascending Triangle Breakout S/R FlipATVI Just broke out of a 3 month ascending triangle. Looking to place bids at previous resistance of the triangle (layered bids from $56.30 - $57.50), and take profits at next fib level / gap fill around $61.79.
activision long setupjust broke out of accumulation, .618 fib retrace, and flipped 200DEMA as support, looks good to retest ATH
ATVI AnalysisWas expecting selling pressure on Friday and we didn't get it. We held above the range wasting time consolidating all day, which shows we are setting up for another move higher.
Excited to watch the open on this come Monday.
**Please trade at own risk**
$ATVI Fibonacci Analysis: Broken Rising WedgeSee Chart. Waiting for price action at market open before placing orders.
Potential flag breakoutLittle bear flag forming at end of plummeting wedge. If this breaks down around the apex of the plummeting wedge, targeting 50.29
ATVI - c&H the suspense is killing me (yawn)ATVI still chopping around in this cup and handle that may or may not ever play out. Double top, most evident on the weekly/daily charts. Look at the RSI on the right side (Daily) chart and check it against price. It put in a lower high on a double top. This is a red-flag for me, my line in the sand is the magenta line. If we break below that, I can only assume we'll revisit the cyan line.
I'm not bearish yet, just want to make these observations clear.
For bulls hoping for this cup and handle to play out, it very well may. But load smart and set parameters for stopping. My stop would be $51.41. I also see tons of people loading in the red shaded area... please time your entries better. You're buying just below pretty major resistance. Better to be patient and wait for a solid break of that $57.52 level or wait for price to revisit $52 area.
Not a lot to say other than that, we're chopping. We all see the cup and handle. Play safe.
Feel free to ask questions below.
Activision and it's recovery after Diablo 4 mobile version.... I was watching that announcement back in 2018. I think that it was great year for gaming community not in terms of good games but the power which costs Blizzard quite a s sum of money. Last quarter of 2018 bring huge appointment's like Diablo 4 mobile, battlefield 5, Fallout 76 or Anthem. Greed and lack of respect for customers I think reached very high level.
Definitely blizzard is the company which is delivering most of the time the best quality games. I believe that ppl will argue with me etc but it is not the point.
Point is that I have seen Diablo trailer, Diablo game-play, word of Warcraft classic was a very good move in my opinion too.
If U look at the chart U will see that the drop stopped at 50% and it trading above 200 EMA. W.D. Gann often pointed out 50% as the important place on chart.
If U believe at bull market for the next five years or so I'm pretty sure that entry at this level would be profitable and blizzard stocks will go beyond 100.
Blizzard made also some cuts after that drop in share price which will have positive affect on share price when good games will be coming up.
I will look for more info about it and if U have something interesting in regards this chart share.
Just For Danny - ATVIFor all my fans, the countless numbers of them that keep plaguing me with the same questions... where where where? I DONT HAVE AN ANSWER FOR YOU HERE! ATVI is in no man's land and all my good indicators are on my other account. my guess is if you really want to make money write options here, don't buy them!
$ATVI Trade the breakout in Activision BlizzardEntry level $57 = Target price $62 = Stop loss $55.50
Indicators trying to remain in a bullish trajectory as earnings approach, any good news within this earnings report could help fill the gap above resistance.
P/E ratio 25.48
Company profile
Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision, Blizzard, and King. The Activision segment develops and publishes interactive software products and entertainment content, particularly for the console platform. The Blizzard segment develops and publishes interactive software products and entertainment content, particularly for the PC platform. The King segment develops and publishes interactive entertainment content and services, particularly on mobile platforms, such as Google's Android and Apple's iOS. The company was founded in 1979 and is headquartered in Santa Monica, CA.
ATVI activatingLooking at ATVI as a LT investment.
Trade :
Entry above 55.50
LT target 62.87
SL 54.01
CONCERN - low volume
Earnings Nov 7
Technically :
Building tension into a squeeze
Cup and handle formation (sloppy)
Golden cross on the SMA in the August
Golden cross on the EMA due to happen TODAY 25/10
Entering gap-fill region - this is my target should it get through the significant resistance level (dating back to May 2017) that it sits at today at $55.50ish
Fundamentally :
Strong stable of games, recent releases have been extremely successful (so we're lead to believe), going mobile which appears to be the future of gaming, with more to come. From an in-game monetisation perspective, ATVI will need to ensure that their efforts are not overly aggressive (i.e, constant notifications to make purchases, along with gameplay restrictions for not making a purchase. $EA felt this firsthand with Battle Front
Pricewise
ATVI is a laggard compared to $EA, $TTWO etc. However, this is down to 2019 being a transition year for the ATVI team after 2018 saw a significant reduction in daily players for a number of titles.
