An opportunity at Activision?
Updated
Dear long-term investor, welcome to this new analysis of Activision.
After many ups and downs on the Activision
ATVI side, the stock has fallen sharply, but the question on its price right now is whether this drop is a good time to buy or a signal of an even steeper descent?
It will depend on the company's news, but analytically, we can expect a rise in the next two to three weeks.
The RSI was at its lowest a few days ago, can we expect a rise? If we look at the historical data, almost every time the price has been oversold, it has followed an upward trend, but in this particular case with several bad news stories, can we really expect a rise?
Hard to say, it's best to wait for a real big buy signal, to place your buy order, but for those who think this drop is an opportunity to recharge, we are in a nice consolidation zone.
But feel free to do your own research, this is only an analysis, this scenario may not come true.
This is not an investment advice.
Here are the scenarios I can share with you:
After many ups and downs on the Activision
ATVI side, the stock has fallen sharply, but the question on its price right now is whether this drop is a good time to buy or a signal of an even steeper descent?It will depend on the company's news, but analytically, we can expect a rise in the next two to three weeks.
The RSI was at its lowest a few days ago, can we expect a rise? If we look at the historical data, almost every time the price has been oversold, it has followed an upward trend, but in this particular case with several bad news stories, can we really expect a rise?
Hard to say, it's best to wait for a real big buy signal, to place your buy order, but for those who think this drop is an opportunity to recharge, we are in a nice consolidation zone.
But feel free to do your own research, this is only an analysis, this scenario may not come true.
This is not an investment advice.
Here are the scenarios I can share with you:
- A possibility to go straight up to touch the 71.93.
- A possibility to break the 55.08 and go even lower.
- An opportunity to consolidate for a few weeks and then climb to 82.34.
Note
Congratulations, to those who have successfully positioned themselves in the buy zone, feel free to sell in stages to take advantage of your current gain, don't be fooled by the market and risk losing everything by trying to sell your shares at the highs.A market downturn can happen quickly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.