VMW trade ideas
Activision Blizzard Gap fill battle.High volatility seems probable with the price per share entering a corridor between two price gaps. Possibility for profits in both directions, with bullish positioning in advantage due to a larger profit target range in between major support and resistance levels.
$ATVI Risk/Reward HistoryBlizzard Activision has broken the trend of a 18% loss before a >60% gain, indicating that the cyclical nature may have been broken due to a mixed review on its publicized Diablo (mobile) and COD:BO4. The company will not be down for long though, as the RSI and VI are indicating that while reception of these products has been poor, the company is in no way going to zero.
The company has also signed deals in esports recently for its everpopular overwatch. However, their esports scene has not been as epic as expected, yet there are new facilities being constructed worldwide. We will see if starcraft can make a resurgence again, doubtful unfortunately. Focuses seem to be trending towards pushing Diablo for younger/mobile audiences. But are they too late to the game as other companies have dominated the mobile scene?
Activision Getting Battered - It Could Get WorseActivision, especially subsidiary Blizzard make great games, so my son tells me. But their financials certainly are not to be played with.
Short-term Trend - Down
Medium-term Trend - Down
Long-Term Trend - Up
Price way below the Ichimoku Cloud
Stock Market Crash Detector Indicator - RED
If you are still holding onto ATVI it may be a year or two before you recoup the loss. You can, of course, invest more to dollar average the loss.
For those looking to get in, the risk reward is a potential drop of another 20% versus and upside of 60% to 80% over the next year to 18 months.
Let's be clear, ATVI has not formed a bottom so buying now as a medium-term investment is catching a falling knife.
Early signs are that their latest call of duty is a smash hit, but Christmas is around the corner we shall see.
So enough of the games, it may be just a little too early to play with Activision.
Stay safe
[ATVI] Phase 4 -> Don't buy!Oh no, the price is still going down. Don't buy it until the 30MM slope is more favorable.
I think the short term bottom is in to goI think large buy volume has indicated short term bottom and will test back around $58
ATVI - When strong support meets Mac D CrossoverGood time to buy.
Let me get some likes.
I need rep points.
Thank You.
Another Death Cross ! (Near Term Short .... Then Long)Activision: Going to get hammered again.
This stock is in a Hyperwave unfortunately it had a weekly close which broke it's phase 3 line.
I am looking for some up swing ... it's just that we got a death cross and that's going to push us to Lower-Lows.
On the bright side expect this to form a bottom … because we haven't had anything form that looks like a bottom and this will give it to us.
TESTNEW TRADER. DIABLO IMMORTAL WILL BE GREAT FOR BLIZZARD, WHICH IS THE NEWS CATALYST FOR THE DUMP. THE TRUE REASON IS THE FAILURE OF TH MOVE TO THE HIGH. BLIZZCON JUST GAVE THE MOMENTUM FOR THE MOVE. BLIZZARD IS A COMPANY YOU WANT TO BE LONG ON IN THE LONG RUN, IF YOU GET THE RIGHT ENTRY. COULD TEST LOWER. ANY FEED BACK IS WELCOME
ATVI: Earnings playPeople hate ATVI due to dumb conference call with Diablo M new release.
But that doesn't mean that they didn't make enough money this quarter. It's good to jump in and make quick profit within 2 calendar days.
EPS should beat estimates
ACTIVISION activatedATVI
The November present might be a few days early this year. Pick a horse and enjoy the week into May of next year.
For own use.
ATVI Testing Final Support Level, Look for Potential ReversalPrice essentially fell of a cliff since October 18th. Where, 25% of its market cap was whipped out in less than two weeks, amid a global market sell-off. Yesterday, price tested final support level of the trend. A potential bullish reversal will largely depend on the recovery of the overall market. Nevertheless, keep a close eye on ATVI's earning on November 8th. Since, two major games, World of Warcraft: Battle for Azeroth & Call of Duty: Black Ops 4, will contribute to the earning. Thus, the earning could come in as a big surprise giving ATVI a catalyst it needs for a reversal.
Trade Step-ups:
Bullish Reversal: Price rejects a breakout from the current channel trend. Profit levels to look for are 75.00, 80.00 & 84.00
Bearish Breakout: Price breaks the current trend, look for consolidation below 60.00
Activision final push before breakdown, or breakdown first !?Activision is at an important pivot point. With the volatility in the markets right now , not sure if Activision will be able to hold up its current weekly support line, however monthly RSI isn't looking very strong, this holiday season might not be enough to save them
:) Happy Trading :)
Crypto Crusader
