VMW trade ideas
$ATVI Activision At Buy Point$ATVI Activision looking overdone - riding the 200d ema and holding lower channel support. Expecting a bounce from this area in the near term. See chart for two possible medium term targets.
Note: Informational analysis, not investment advice.
$ATVI Good entry spot$ATVI Just found support at the sma200, looks like a good area to open a postion. We will see...
$71.25
Activision - Bullish on the minor time frameWhy I went long on Calls
* Company has been beat up for the last month which is important for me to see before playing reversals
* Supports has been breached; the most notable ones include the BB basis line and 50EMA - these supports cracked with little fight involved
* Price is now currently sitting on top of the ascending trend line which shares confluence with the 200DMA - the most powerful support MA
* Price has tapped outside of the lower BB twice in the past week (requirement before I play reversals as the best probabilities come under extreme conditions)
This trade offers the elements that I need before taking a trade
* Risk is defined; a D2 close below the 200DMA will invalidate the setup for me and spell future trouble for the stock ... this is about 69.35
* Since I am going long on calls, I require three things: 1) price must be tapping outside of the lower bands, 2) RSI must be in oversold conditions and 3) a daily doji to form with higher lows from the previous day and next day
* All of those requirements are met except I'd prefer to see a daily RSI even lower but low 30's will suffice. The daily doji that I am referring to is from 8/8 - note the higher lows formed by the wicks on the day before and the day after. This provides additional conviction that supply is exhausted hence why I am going long on calls.
I chose to trade the Oct 21 70C's - I entered this on Friday Aug 10 when the underlying share price was about 70.72
Actvision - Bullish on the minor/intermediate time frameATVI: Why I went Long on Calls
* Company has been beat up since a month ago after creating new ATH's at 81.xx
* Basis line on the BB has been breached; 50EMA has been breached; now is currently being supported by an ascending trend line that has propped the stock up on 3 separate weekly occasions (Dec, early April and late April)
* This ascending TL also shares confluence with the 200DMA - the most powerful support
* This is a reversal play and I only play these under extreme conditions in which the price is tapping outside of the lower daily Bollinger bands (7/30 and 8/3) and RSI is reaching below 30
* Price has been rounding out in the past week which was important for me before entering a position as I'd like to see the market's reaction to the conservative guidance issued by the company's most recent ER
With this said, I believe this is a great setup that offers all of the elements that I require before entering a position.
* The risk is defined - my setup is no longer valid if I receive a D2 close below the 200DMA which is roughly about 69.35
* This entry is after the fact of extreme conditions that I'd like to see before trading reversals
* Profit target is a relief back to the .618 fib level which is still below the 50EMA as I do not expect the stock to travel past that in the time frame I am seeking to close this trade out (3-6 weeks)
* I will exit 75% of my calls if momentum looks to be in my favor and price pierces the 50EMA but I will certainly lock in profits at the 74.xx level (.618 fib)
I opened 70C's for 10/21 on Friday, Aug 10, when the underlying share price was 70.72
Long ATVI Trendline Support + Momentum BullishATVI
squeeze & RSI Bullish Divergence + Trendline Support
Enter in GREEN BOX. Exit below with a daily close of GREEN BOX or more depending on risk tolerance. ( if break of green box it breaks pattern IMO )
This looks like it could be a long trade if it stays in pattern.
Low risk trade :^)
gl hf
ATVI Oversold and Below MAs 3-7% OpptyActivision ATVI is currently well oversold and over-extended below the MAs. Activision has been a strong growth stock, a return to the mean allows for conservative targets between 3-7% above current prices.
ATVI Bullish off support.ATVI typical movement off earnings. I think the bounce off the 200 ema is a bit too obvious. Will looks to buy a tad bit lower at good support.
Solid earnings and RSI/Price Divergence. Big move coming?Even after beating earnings by nearly 70% ATVI has moved down and created what I think is an excellent buy. On top of their solid earnings, the 6-month normalized RSI is sitting at oversold levels about to cross above 30. Their is also bullish RSI/price divergence creating an arguably more reliable signal (marked by the blue line).
ATVI 150 day break. Time to buy?Longer term view. ATVI 150 day SMA break. You have competition from TTWO and EA, but now you have Fortnite (indirect own by TCEHY) taking shares. ATVI investing in Battle Royal, E-sports and spectator events. ATVI also getting slam on weak guidance. Is time to buy again?
Options Trading Series (ATVI + EA)The tech sell-off that started last week with FB has left a lot of golden opportunities. Tech went from severely overbought to oversold, practically overnight.
My weekly scan shows about 3-4 names that fit my criteria of solid names with strong fundamentals and are showing oversold conditions (RSI).
Two of those names and my top pics are ATVI and EA.
EA had a disappointing earnings report which sent shares from ~$150 to $128. Interestingly, if you went through the report, you'd know that the company is still firing on all cylinders (this sell-off was profit taking at high levels in tandem with all of tech). The average analyst price target is ~$165. RSI at 25 is very oversold. The last time it was at this level was in Dec-2017 -- as you can see shares subsequently rebounded nicely. We are in the same set-up.
ATVI sold off in sympathy to EA's report and is also showing oversold conditions (yet not as much as EA). ATVI is set to report earnings on 8/2/18. The average analyst price target is ~$85. While I am jumping in this name now, any miss on earnings will send the shares down to the 200 day moving average around $69 (if not lower). For me, I want to before and after the report given the tailwinds to this company. This is one of the most well-positioned company in the eSports world -- The Overwatch League Grand Finals this past weekend proved that.
So, here's how I'm playing this: Yesterday I went long the 2/15/19 $75 Calls in ATVI.
I am going to wait until after earnings before going long to EA. I want some dust to settle. I will post my position once entered.
Overall, these are great long-term holds and are set up nicely for short-term options trades.
@wizardsofcrypto #ACTIVISIONOn a larger timeframe we can dip a bit more
I believe we go a bit upwards first. We might never go back down. This is a solid company with a lot of future.
Rsi looks like it is reversing so hence the long position
ATVI #Buy opportunityHi Trader,
This stock have great potential to the upside,
After breaking the 80$ level, investors will be targeting 100$.
Best luck,
Omar NAMOUCHI
ATVI - LT - idea for 9% gain?Based on the chart I think hitting $85 in the next few months looks probable... Just my thoughts.
Do you trade technicals? #technicalanalysis #stocks #tradingPennant/triangle pattern on ATVI. If you're into technical analysis you'll want to trade the breakout after the consolidation phase.
ATVI may be forming a big head and shoulders patternLooking at the 4h chart we can see that ATVI may be forming a big head and shoulders pattern. If the right shoulder is completed we could see a lot of sell-side trading. If there is a breakdown from the right shoulder it's possible we could see sub-55 prices. Don't open sell positions until the pattern is completed and a breakdown occurs!
ATVI Bullish BiasStrong push thru the 50 SMA. Staying bullish with Blizzard until I see my exit out confirmation.
Please create your own TP and SL if you do not agree with mine.
The importance factor is the direction this pair is heading.
Use this as entertainment only.
