VMW trade ideas
$ATVI | WEEKLY WATCHLIST 11/22More bad news dropped Activision last week... looks like this stock can't catch a break. However, we are still sitting on major channel support as well as the 78.6% Fib. I'll still buy the fear while 99% of others are mega bearish.
Short $ATVI CMP 73.03Short $ATVI CMP 73.03. Bottom of channel. 50 EMA crossed down 200 EMA. Clear downtrend. Taking support at $73. Interesting to see whether it can make upward move on earning expectations. Next level of support if existing support broken on daily ~$65-67. Resistance ~$82-84
ATVIA STRANGE idea based on the fact that suddenly ATVI will "resurrect". There are signs of oversold.
The level of 0.786 corresponds to ema500
$ATVI | TRADE IDEAWill probably get some hate for this one.
Is history going to repeat itself? I have highlighted the previous channel/price action that I'm using as comparison in this analysis.
Falling wedge will put in a bottoming pattern I believeI Have been a gamer for 20 or so years... Activision blizzard puts out top notch games and has top notch franchises.
I read today and confirmed that ROBLOX has now surpassed Blizz in market cap...
Either Blizz is undervalued or Roblox is overvalued.
Gaming is going to grow for another 30 years I believe.
I put my money on this, I do not have targets, as I do not plan to sell for a long time.
ATVI: GOOD FOR A QUICK TRADEATVI:
I don't know where ATVI will be in 6 months but I like it now for a swing trade .
We're a bit oversold, the price is far from the 1st moving average and we have this gap, so I would expect some kind of bounce. If we don't get the bounce, it's fine, the support is quiet close, so we're not risking too much money.
My play would be a long trade from the current price with a profit target at 72.20.
Stop loss around 65.40.
Trade safe!
ATVI Bearish inclined Naked Calls 29 Oct Expiry (Oct Track 1)I just realised I forgot to enter this trade. My thoughts below was written 28 Sep
Whats The Plan/Trade/Thought
Forced, Because I need to hit the 5% target
I don't have much options, this feels risky. I need to spend time coming up with proper ideas.
I feel lazy and that I need to be serious since I am doing this full time
ATVI looking at it as it is going down. There is a recent pull back but it is still bearish.
ATVI has been moving the opposite of the Index or the VXX. It was also impacted by Evergrande's drop. But only recovered slightly with the market bounced
If anything I see ATVI ranging near term
Imagine Yourself Taking The Other Side
Do I need this trade? Since you feel it is forced and that you did not put in effort
What if it rebounds up? Their last earnings was higher than the estimates
Christmas is coming, this can boast interest in the stock
Imagine Yourself As A Neutral Observer
The Other Side, also feels convinced that ATVI is bearish
The key issue feels like no prep was done and it is a forced trade. I am not being professional
Other Competitors in this space like EA have similar down trends (Feels like a sector drop)
Look For New Information
Recently ATVI has negative news on the workplace culture and discrimination
How Do I Feel Now
This is not a company that will fail entirely near term due to it's strong gaming titles that has a strong following.
This is probably the last time I can/should trade this bearish move
Trade Specs
Sold 80 CALLS @ 0.50 Strike 84
% to Strike is 8.9%
ATR % is slightly on the high side at 60%
Max Gain: est $4000
ATVI reversal inbound ATVI Reversal inbound,, everything looks bullish id like to make a nice swing here make some easy profit December calls could be a nice Christmas gift, looking for 75-80 I could see it. Profit margin is 29% highest in the industry with black Friday around the corner and the release of vanguard this is very undervalued..
ACTV - Buying a lot moreOversold
40% down from highs
Great cash flow
Low debt
Strong brand and games
Easy money at this price.
$ATVI | WEEKLY WATCHLIST 11/8Looking for a bounce off major channel support. Sitting in oversold territory.
ActivisionLooks like a strong support and trendline below current price. May consider entry with a trim by New Years
Activision Blizzard (ATVI) - longCompany Profile
Activision Blizzard is a company listed in the S&P 500 index and operating in the sector of Communication service, industry of Electronic gaming and Multimedia.
Signals
Position: Long
Target Price : $77
Entry Price: $68
Stop loss: $65
Indicators
MACD shows a strong bullish momentum
DMI shows the negative trend is not strong, ADX is at 22
The stock price is outside the lower band of the Keltner channel
RSI and STOCH are at overbought threshold
Analysis
The stock has experienced a dramatic gap three candlesticks ago, caused by the announcement of a delay in the game launches of 2022, that pushed the price below the lower bound of the Keltner channel. According to the RSI (30) and Stochastic indicator(20) the stock is oversold, so from these three indices we can expect the stock price to rise and reenter the Keltner channel to get closer to the moving average. If we design the most important simple moving averages we can observe that SMA 7<SMA 20 < SMA 50<SMA 100<SMA 200, meaning the stock is on a downtrend and so we discourage to take a position trade, but instead to keep the stock until the impulse phase makes it reach the previous support that could become resistance. From the DMI we can observe how the bearish momentum is becoming weaker (D- has negative slope) and the bullish momentum could start at any time, if the market recognizes the overreaction to the delay news.
No financial advice.
ATVI Gap FillATVI has a huge gap to fill. RSI is in the gutter and should begin to round out now. There aren't any sellers left.
$ATVI fractalspeculative breakout after earnings knocked out SLs so i think due to the fractal pattern it will turn back soon
ATVI at 65-67 is a STEAL$ATVI Not a surprise where it found the support $65 is a good place to get in and hold. Now LET the accumulation game BEGIN..
ATVI Bear Flag Support BacktestLooking for ATVI to backtest the previous support area of 74.75 with a bear flag
Consolidation between 64.50 & 67.75 for multiple days and testing above and below the range with fakeouts galore
Premium sellers delight after that volatility
ATVI overreaction or appropriate sell off?Huge 14% sell off after game delay news, positive earnings however for the quarter. Do you guys believe this to push up and bounce off old support?
$ATVI | WEEKLY WATCHLIST 11/1Beautiful chart, terrible timing. Activision reports earnings on November 2nd, therefore I will wait until after to consider a position. With that aside, the chart looks amazing. Headed into a possible wave 3 with target at $87 as long as $76.25 holds.
Might be worth an earnings lotto if you're into that.
Activision - Blizzard (ATVI) UpdatesActivision - Blizzard Update
After entering $ 78 in September, the price dropped almost to my second limit order at $ 71, and then began what could be a bullish phase.
The price bounces right on the POC of the last 18 months and then shows strength on Thursday.
The Earnings next week could give the definitive answer and in practice, I will cancel the limit order because if there will be a negative situation, the price could also fall below $ 70.
At least I'm waiting, because in case of a major retracement, the next levels to accumulate are $ 66 and $ 60.
If there are interesting Earnings, the targets are:
- $ 85 (short term target)
- 90 $ (important volumetric resistance.
- $ 100 (volumetric node close to the all-time high where the price could retrace or lateralize creating an accumulation situation)
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
