VMW trade ideas
ATVI continues in channelATVI still moves in a clear upside channel, I suggest holding existing long trades with TP 41.50.
Shorting "blizzard" - my favorite stock ;) *NASDAQ:ATVI
Always mind-blowing sell this gentleman ;) im taking a small risk, time to sink! :)
RSI is turning down, extremely overbought on monthly chart, weekly and daily chart also leaving the bulls territory with bearish divergence rsi;
*find a suitable entry on a lower time frame;
Note: Do not forget to Buy on next Earning Report ;)
Previous reports: 27 reports only 3 on red ;)
Safe trades;
ATVI - New ATH but within a wedgeActivision Blizzard on 6th May had both
- Earning surprise : 0.03 0.13 +333% (!)
- Sales surprise: 656.71 703.00 +7.05%
All good to break previous ATH.
We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25.
Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called "hearthstone" which is about to be the most played game ever in the world and giving a lot of revenues.
The concern here is that we are in a Wolfe Wave Pattern, so a dip could happen into $23ish. (orange target line)
Upbeat Q1 / Boosted Full Year GuidanceWell ATVI made a new 52 Week High on a Q1 Beat and boosted full-year guidance for the company. I bought the dip with AUG 15 Calls. Looks like it'll work out just fine even though I took a more aggressive entry, since we did form a bullish dragonfly doji / hammer candle showing bids picking up the dip. The previous days selling volume looks to point more towards profit taking by individuals holding long positions prior to the breakout. The stock is roughly up 30% YTD and I'm looking for a push beyond 25.14 taking some profit off at 26.00. A more conservative trade would of been for me to get in on a retracement at the open tomorrow.
Cheers happy trading =)
SHORT TERM PERSPECTIVE ACTIVISION B INC SKA CAPITAL For the short term we are bullish. First target being 23.20. If this key level is broken then the next upside target would be 23.50. However, our primary target is on the short side of price level 22.00 then 21.50. We have a bearish formation on the weekly time frame.
Activision Eyeing a Potential CrabI am not a type of trader who anticipate a pattern before completion, I don't speculate on that, and i don't trade harmonics before they complete. But i saw some good harmonic sequences align here on chart.
There is a potential for a harmonic crab pattern completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now.
The price has broken out strongly above 22.00 resistance level(B) and the 200-days SMA. Then entered a period of consolidation above the 50-days SMA and that what makes me favor more upside. However, it's dependent on the price ability to take the resistance of the recent sideways consolidation range at 23.65, a breakout above the latter might confirm that scenario.
Good luck...
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Technician
lookie where this is hammeringright at box support from March 21 article http://dragonflycap/?p=53332
Strong resistance and key Fibonacci level on Activision chartSelling short at $22 and setting a tight stop loss of half a dollar. I’d set the profit target at recent low of $18.50, hoping to hit a 7:1 risk/reward trade!
Full analysis: jmak.ws
ATVI - One more ride?The volume has been dicey recently. The EMA’s are converging and we are looking for a cross. The SMA’s are slowing down looking to hug each other. Stochastics are giving a buy, RSI is getting high and MACD is saying hi (lol, sorry for that). BB would need to be broken (which they were today). ADX is level with room to move on this one. I played ATVI in June on the up and it worked out fairly decently, so I trust it (as much as you can). R:R is 1:3.
Trigger is $21.70
Stop is $20.80
Target is $23.86
ACTIVISION AT MAJOR RESISTANCE!All of my lines are from the weekly chart.
I would either short above 18 or wait for the 5day EMA to cross the 8 day.
1/1/14
ACTIVISION CONTINUING FORWARDATVI has been on the rise since the beginning of the year. The 200 day EMA and the support line from the weekly are basically mimicking each other.
I drew in a bunch of skinny black lines which allow me to determine when the sharp downtrend gets reversed. This doesn't mean a huge breakout will follow but in ATVI's case I would say a 2-3% rise with the possibility of a breakout. Once it goes up 2% tighten your stop to protect your profits.
HAPPY TRADING!
ATVIWorth having on Watch List. Can it follow through next week? Base B/O with vol. makes the world go around.
ATVI Long PositionSince breaking its consolidation zone ($10.00 to $12.50) that it had been bouncing between for the last 3 years, it blew past the previous spike high at $14.00. It is presently consolidating in a wide pattern I like to call a "megaphone." The base of which is located at the $14.00 level right around the 100 day moving average. I'm looking for a re-test of the 2008 highs at $18.00 in the coming months, and I'd take a long position at current levels ~$14.50, with a stop on a daily close below $13.75 for a risk/reward ratio of approximately 4:1
