VMW trade ideas
looks bottomed outWeekly RSI looks to be on the upswing from oversold levels bouncing off the 0.886. Bullish shark pattern would imply a minimum 0.5 retrace which lines up w/ gap fill around 62. There's what appears to be a three drives pattern here too though not ideal, but the idea is there for a reversal. Might start w/ some June calls here or wait for a successful breakout and retest of the current channel.
Long ATVIBullish MACD & RSI divergences favor move to the upside. Price target of $62 to $64 per share.
ATVI LONG - RSI OVERSOLD AND MACD SHOWS BULLISH (WEEKLY)Activision Blizzard (ATVI) are showing bullish momentum with MACD going in green and Parabolic SAR has moved below price. RSI has been oversold so this might be a good price to get in for the next big swing
Activision Large Buys at Key FibsActivision is at the 0.5 fib of its entire super cycle, and at the 0.618 fib at of its current retracement. Wave count, it looks like we just put in a 5 wave down, so looking for Wave B up to around the 0.5. Strong bull div and big buys as well.
I think ATVI will break out its triangle pattern todayI think ATVI will breakout its triangle pattern today. My short term target is between 49 and 50. Stop loss will be 41.5
Activision Blizzard, Inc. buying opportunityThe stock tanked in 2018. Blizz got lazy and really upset a lot of their fan base. A quick glance at the annual fundamentals provided by yahoo it looks like the company is still very liquid, paying down liabilities, and growing earnings attributable to shareholders at a clip. EPS estimates absolutely cratered recently, however, which probably fueled the flame of the sentiment drop. In any case, I believe the developers have listened and reacted to the community's criticisms and will meet or exceed expectations going forward into 2019. From a purely technical POV the stock is a clear cut buy. In fact, I'd go so far as to say its oversold and some OTM leap calls will likely yield substantial returns. I think we've already approached a relative bottom, with a $5 risk to the downside before heavy resistance. Scale in, but now is the time to buy.
atviatvi : nice accumulation
over 42 we go to 43$
43.94$ and 45$ as targets according to VPOC areas on session volume accumulated
ATVI looooooooooongmaaaaaan!I can't see $ATVI going down anymore than it already has. Sure - the world of gaming has changed, but I'm sure ATVI woke up to that realization pretty quickly. It has been 10 years since they had a serious shakeup, and last time I looked, 2008-2009 was a huge shift for them. They are going to shift hard again just like they did last time, Bungie is gone, opposite of what they did where Activision and Blizzard merged. Still, there is a major shakeup.
We're talking mobile baby! We're talking microtransactions and money coming in for buying skins instead of new games. Expansion packs are cheap to introduce. Reskin and resell old titles as new has been their motto for quick cash fixes. No more though, the future if mobile. And if they want to capitalize, they have to put out something NEW and EXCITING for the mobile world.
RSI is oversold
MACD is crossing over
Vortex indicator is (+) trending UP and (-) trending down/flat.
and that autofib is saying half way zone just like in 2008. All of these looks tooooo familiar.
Breakout towards the down-trendThe stock broke out the price level "A", consolidated for several days and confirmed the breakout by the big black candle. I'd get in at that small consolidation but I didn't see that setup at that moment, unfortunately. I got in at the opening of the following day after the big black candle.
1)The stop loss is above the recent small consolidation.
2)Profit target is based upon technical structure.
(Posted post factum)
Bullish Divergence on the RSINo trade for me as it already bounced 15% on the divergence, just going to keep an eye on it out of interest.
ACTVI market structureThis week im checking on Activision-Blizzard market structure
chart is not too pretty. ATVI has basically been selling off since it put int he ATH due to loss of market share in primary sectors and not having an answer to Fortnite.
However, ATVI has been a consistent performer month over month for years so you have to look at the macro outlook. Nasdaq composite has not been great the last two quarter w/ low Christmas sales.
fundamentals
Pros
Continuously performing better then expected quarter over quarter earning wise.
3/27 annual dividend. the stock itself has performed well year over year
COD black ops 5 jsut released - still has huge followed
WOW classic due for release summer 2018 - millions of dollars in wow subscribers
Cons
2/2 ACTVI reduce 2019 target ahead of earnings
2/13 rumor bungie separation from activation-blizzard. (ie destiny franchise gone)
2/16 - business restructuring , bungie seperation confirmed - lay offs (relation to Destiny dev team seperation ?). negative news reaction
NASDAQ Composite index dragging down performers
Fortnite is taking market share from every FPS (ie COD) therefore lower in game sales therefore less pure profit.
Blizzard has no major games planned in 2019
hope this chart helps people looking for discount buys.
ATVI Bearish OutlookLook for a retest of 21MA and if successful and retest of 50MA, which will most likely fail. If fail on any of these averages see lower prices.
Activision activated at 40$ all the way to 60$
Hey everybody,
the gaming market had a really rough two month and it was all a reason of the fear of fortnite and its free game play with massive player community.
EA Sports, Take Two and Activision Blizzard got beaten down and I was lucky to grab a position at the gap close at 40$. I was looking at it before but was instead of greedy like in the past, I was really patiently waiting for it. And boom there it was on monday or tuesday.
I will hold until around 60$ to close this gap from its big drop a few weeks ago and look at its behavior. The future will be challenging but I think they will get it clear that nobody is waiting for diabolo mobile games and concentrate on the core power like call of duty or overwatch with free plays and integrating monthly subscriptions for constant cash flow.
If it will drop again I will take a second position at around 35$ after the 60% drop from its all time high.
Just my opinion so make your own research
And like always
May the markets be with you
