Spring action for ATVI ATVI has a has factors like a low on the RSI on the 1D and the 4H already off to and early reversal. The 4H MACD going in for a cross which made the 1D a bounce into green territory. Price action could definitely go back to resistance and maybe even break through it to find a new floor.
ATVI
Bullish bounce Activision Blizzard There are several factors that lead me to thing ATVI will have a very strong bounce in the near few. One of which is the MACD. On 1D it is getting back to the cross point. This could mean that it would go lower right. Well on the 240 it is well below the cross. Signaling a sign of probability over sold also judging by previous supply and demand zone. It may want to rise back up to that cross on the 4 hour. Making that 1D MACD bounce very likely.
Also speaking of 1D and 240 candle the RSI looks to be getting very low. With the 1 hour and 4 hour look to be getting back up on the RSI. The daily could see a reversal due to the strong reduced angle it has been since the 15th.
Another factor I believe this to be at or near a bounce into the bullish direction is the BOLL. I been seeing the BOLL has strong support and resistance. It is at that low BOLL line on the 1D usually point in the direction of getting back to center or testing the upper line.
WAR launches CryptoSteam founded by vice-president of ActivisionWAR WeStarter will launch CryptoSteam on February 25th.
Aaron Pulkka, former vice-president of Activision Blizzard, founded CryptoSteam, a crypto-games publishing platform, and invented the concept of GameFi 2.0.
The vision of CryptoSteam is to become the infrastructure provider of Metaverse, and be the bridge to connect all other meta-universes together.
WAR WeStarter is a cross-chain token initial swap platform which selects high-quality crypto projects that need fundraising before listing to major exchanges.
It was launched in May 2021 at $2. Due to market conditions, the price is now $0.071 and the market cap is $1 million.
The first financing was completed on April 15th, and the participated investment institutions include Continue Capital, SevenX Ventures, NGC Ventures, AU21 Capital, Spark Digital Capital, LD Capital, Power Law Capital, Kyros Ventures, DoraHacks Ventures, SkyVentures, DEFI TIMES CAPITAL and others.
A similar incubator is SFUND Seedify, has a mk cap of $165Mil.
So The upside potential is 165X from here just to reach SFUND`s market cap.
Extremely low circulating supply, with few thousands usd, you ca substantially move the price.
The RSI shows a massive bullish divergence . Increase in volume while decrease in price.
Minimum upside potential is 10X in my opinion.
Activision (ATVI) Take profitActivision (ATVI) Take Profit
Time to take profit
After the news of the acquisition by Microsoft for nearly 70 billion dollars, Activision (ATVI) jumps to + 32% from the close on January 14.
If you followed me you will know that my average price was $ 70.71 and at the opening on 1/18, I sold the entire position, taking home the profit, with a gain of 22.64%.
Another good trade to start 2022, which saw me in drawdown for most of the trade.
Obviously, I'm not saying that I expected this, because my trading has always been transparent and visible to everyone, I am one of the very few who says things before doing them and if the reasons why I invested in Activision are well explained in previous posts, but clearly, I was expecting a reversal, even a violent one, but not a 32% gap up. This acquisition, which among other things adds yet another arrow to Microsoft's bow, was not expected and, as far as I'm concerned, I didn't even have any rumors.
A huge trade, therefore, it would have been even more profitable if the price had touched $ 55, where I would have mediated the price further.
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.
How deep can hell be? (ATVI) Updates
The hard times continue for the company that created Diablo (which knows about hell), which has lost 45% from the highs of February 2021.
We are not that far from the bottom hit during the first wave of covid in 2020.
We all know the reasons: the investigation into the sexual harassment of an employee. It is not my interest, to go into the merits, I simply report the facts in relation to trading.
Nothing at an economic level, where the company has always been thriving and one of the most profitable, considering both the turnover from PC, console, and mobile gaming. In particular the mobile sector, many are not aware of, Activision-Blizzard is on the podium second only to Apple.
From a fundamental point of view, therefore, this important collapse is attributable only to the internal questio n, which, let's be clear, was handled very badly by the company and which above all does not seem to have taken important positions on the fact.
This behavior caused the price to fall below our September purchase price and to mediate, buying again in November at the price of $ 61.7 per share.
This brought the average purchase price to $ 70.71
Right now we are on the POC of the last 2 years, which makes ATVI even more attractive, even if to make a third entry I will wait for $ 55, which literally represents the last volume node of the value area of the last 2 years.
To enter we are already on a very important level, we are clearly talking about an undervalued company, which is at this level for certainly important issues, but which have nothing to do with its economic performance.
Obviously, the question must be resolved immediately, especially considering the relationship with investors.
Reasonably, it is clearer to say that the market has already heavily discounted the problem.
I close by saying that 2022 should be an important year, for the release of Diablo 4, Blizzard's historic franchise, as well as Overwatch 2.
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.
Microsoft ATVI Merger Arbitragewww.engadget.com
Microsoft just made one of the largest-ever bids for a game studio. The company has announced plans to acquire Activision Blizzard for $95 per share, valuing the all-cash deal at an enormous $68.7 billion. The deal would make the combined entity the "third-largest" game company by revenue, according to Microsoft, and would put titles like Call of Duty, World of Warcraft and Candy Crush under the company's wing. Microsoft plans to add Activision Blizzard games to Game Pass as part of the deal.
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The buyout is expected to close sometime in Microsoft's fiscal 2023 (no later than June 2023) if regulators and Activision Blizzard shareholders greenlight the move. The boards of directors for both companies have already approved the deal.
Activision Blizzard NASDAQ:ATVI stock has been hammered off its 2021 high amid scandals and the broader tech selloff. I've been an avid gamer and fanboy of Blizzard IP since I was a kid but I'll put all that aside and just look at this from the standpoint of a merger arbitrage opportunity.
What is a merger arbitrage? It is a trade that is a bet that the deal will go through as planned and the investor will be paid the final price of the shares. Microsoft announced that they will buy out all shares of ATVI for $95/share at the closing of the deal June 2023 at the latest. That means on the closing of the buyout every outstanding share will be purchased. If you have shares of ATVI now or buy them before the closing you will be bought out of them for $95. That is true if the deal goes through.
So the trade is that the deal will go through without any problems and any shares will be worth $95 at closing. At the current share price as of writing (89.92) that presents about a 16% premium. The question a trader should ask;
"Am I will to accept a return on my capital of 16% over 18 months... with the risk that the deal may not be approved by regulators or shareholders?"
ATVI Merger Arbitrage - Risks and ReturnsAs a followup to my post earlier today I wanted to give some additional perspective on past Merger Arbitrages, both good and bad, using the Baxter NYSE:BAX buyout of Hill-Rom last year and the failed buyout of Rite-Aid NYSE:RAD by Walgreens NASDAQ:WBA in 2015.
𝘼𝙘𝙩𝙞𝙫𝙞𝙨𝙞𝙤𝙣 𝘽𝙡𝙞𝙯𝙯𝙖𝙧𝙙 𝙬𝙝𝙚𝙣 𝙩𝙤 𝙗𝙪𝙮?I am an old World Of Warcraft player (ravencrest:). Blizzard makes up about 30% of income $ATVI (Activision Blizzard, Inc.) .
I know a lot about their products: WoW, Warzone, etc. And today I will talk about ATVI not only from the side of chart analysis.
𝙎𝙤𝙢𝙚 𝙞𝙙𝙚𝙖𝙨:
📉 Shadowlands was good on start - against the background of the past sh#t BFA. It was a breath of clean air. But it's still sh#t expansion without new and exciting content.
- I see here a good correlation with expansion success like "Legion" and the price of a company.
📉 Warzone was good on start :) Nowadays it's not in the top 5 twitch. Pubg and Fortnite are more popular. Also, we have Valorant and APEX.
📉 Negative news background: courts, complaints, layoffs.
📉 On M chart we are under 50 MA.
📉 Still far from 200 MA
𝙎𝙤... 𝙬𝙝𝙖𝙩 𝙄 𝙚𝙭𝙥𝙚𝙘𝙩 𝙛𝙧𝙤𝙢 𝘼𝙏𝙑𝙄 𝙖𝙣𝙙 𝙬𝙝𝙚𝙧𝙚 𝙄 𝙨𝙚𝙚 𝙨𝙤𝙢𝙚 𝙥𝙡𝙖𝙘𝙚𝙨 𝙩𝙤 𝙗𝙪𝙮.
✅ We have a support line on 57.54$. Here you can invest a very small amount. It's risky.
✅ Next one is price ZONE 42$-50$. It's a good spot to invest. With normal SL and risk ratio.
✅ the Last one is 200MA line.
I can't guarantee that we continue to fall into this buy zone.
But, I think it's the best risk/profit deal here.
P.s. Have interesting companies from $SPY or $NSDQ100 ? Leave it in the comments, I'll do a post like this about your company.
P.s.2 Follow me for more :)
Good luck,
V.
AXS: Near-term Bull-Flag PT $246See my most previous Bull-Flag targets for SOL and LUNA... AXS with tons of market adoption and major investments from Samsung does provide an opportunity to be a gaming juggernaut in the gaming space. Axie bears some remarkable similarity to the virality of Pokemon about 25 years ago.... except with much higher sustainable uspide.
The Bull Flag Target is $246 and is a shorter-term expectation which I would expect to play out by Q1 2022 as major catalysts occur for AXS and greater adoption occurs.
Activision Blizzard (NASDAQ: $ATVI) Heating Up As We Delve...Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
ATVI - Does history repeat itself?
Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time.
Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019,
Momentum divergence on RSI and cross over on MACD,
Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this time?
Potential 2 equal legs to be completed when price tests the 0.786 FIB retracement.
Potential trades:
Sell puts, preferably under $49 as it is the double bottom neckline (created March-April 2019) that might be tested.
Buy calls - wait for Price action to confirm
Buy CFD's or stock - wait for price action to confirm