ACTIVISION path and direction Hello everyone
This is my Activision idea for Daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Activision
Massive cup n handle! buy for the holidays and add to long term nice cup n handle forming! I'm seeing a 40-50$ move over 1-3 years on the breakout of the handle. Could see a bounce at my .618/ support at 75.60$ and push to all time highs!
Activision blizzard path and directionHello everyone
This is my Activision idea for daily time frame
watch key notes for more detail on chart
for any question feel free to ask :) good luck
Activision blizzard Path and directionHello everyone
Activision started a uptrend in May 2020
Price broke the downtrend trend line of 2018 and formed a uptrend channel
However last week we closed on the bottom trend line of the uptrend of the channel
when blizzard announcement came that they are delaying the patch new expansion
Watch key notes on chart
ask me anything :) good luck everyone
$ATVI BullishEntered at 74.94 on the retest on daily RS flip.
Added to long on retest of 78.
Target Weekly resistance 2 at 81.45 for another 4.5% gain.
Pullback to 0.618 Fib before uptrend continuation My theory is Demand Zone holds as support and we continue uptrend to 77.37. The lower time time frame confluence is showing the Demand Zone as a strong support. The pullback to 0.618 Fibonacci is expected before we continue upward trend.
Options Trade: 5/22 78c (Wait for pullback to our level before entry)
ACTIVISION ($ATVI): Call of Earnings✨ We provide charts every day ✨
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Will Activision's upcoming earnings be as active as their player count since COVID? Or, are we missing some potential Pitfalls? Let's take a look and see if we can't predict ATVI's Destiny.
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1. Range MA is showing an uptrend (Green bar color) for ATVI on the 4 hour chart.
2. With this setup, we want to take long positions when we get a Bull signal in an uptrend (and go short when we get Bear signals in a downtrend).
3. We are currently waiting on a Bull signal, but generally see an uptrend here into earnings.
4. Assuming the uptrend continues, we will be looking for a reaction off of R1 and R2 on a move up into earnings.
5. If we get a surprise upset, or if the broader market pulls us down, we will be looking at S1 and S2 as potential support levels.
6. One possible play here is to wait for a pullback off R1 and then to long on a Bull signal (or simply continued strength). Generally, however, this chart suggests that being long into earnings is at least a sound idea based purely on the trend.
Activision longFractal indicating a smash through the 1.618 resistance of the Fibonacci circle for Activision
Comparison of Rising WedgesTwo rising wedges ATVI and AMZN
ATVI has already undergone a breakdown phase good for a short due to it being at a critical Fibonacci resistance, looking to recover on a long term uptrend
AMZN is quite extended and should pullback
Activision - New lows ahead?With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure.
One idea, I am looking at is NASDAQ:ATVI $ATVI
After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and reversal may start relatively soon (probably though we will get gap fill at first).
For entry some support trendlines also need to break first, and I will be watching for this development.
P.S. NASDAQ:EA chart is somewhat similiar $EA
$ATVI8ish fresh demand level still holding - retrace to low 58 could be a good scalp entry. For longer term, look for further retrace to 56ish
ATVI Bull flag!Activision has formed a rounded bottom, which I first thought may lead to a cup and handle. However it looks as if this is turning into a long term continuation of the bull trend. A clear island bottom can be observed (gap), also a recently formed bull flag. Also included a bull flag pattern for anyone interested.
ATVI Cup and handleActivision early cup and handle formation, clear cup has formed. Both situations are bullish and lead to long term continuation of the uptrend established. Great long after handle has formed.
activision long setupjust broke out of accumulation, .618 fib retrace, and flipped 200DEMA as support, looks good to retest ATH
Activision Blizzard will provide christmas presents in advance ATVI is reclaiming its 200W average and look poised for growth. See next chart for interesting historic perspective.
ZNGA can reach $8Zynga currently offers a very bullish set-up
Multi-year break out
followed by weeks of consolidation
ATVI Continues to Build a Strong Basing BottomATVI is building an intermediate-term bottom that is a solid base from which the stock can eventually move up as its fundamentals improve. This is a pattern all Retail Traders should notice, especially Position Traders and Intermediate-Term Traders.
