ATVI inside day after all time highIt's obvious to find out that Blizzard is able to catch their players attention well recently,
and it reflects on it stock price significantly!
(Both Hearthstone and Call of Duty are killing my office's vibe lol.)
I would very love to long the inside day after new high today.
Let's see how it goes yo!
ATVI
Activision. ATVI. w50 2020. Long from 87 to 110. RR 4Monthly
Uptrend
POssile breakout - no strong volume confirmation = unproven
Weekly
Cup and Handle Pattern - could possibly go long
Daily
Good earnings push price UP.
Price above SR level, good volumes.
Good conditions for long but only on pullback. (FIB 0.5
Also due to holidays I expect earnings increase.
OPEN LONG 87
SL 81.5
TP 110
RR 4
The market always gives new opportunitiesThis time, is in the gaming industry. I missed the breakout in NASDAQ:TTWO so now I'm watching NASDAQ:ATVI very closely ($ATVI has a better YTD than NASDAQ:EA ). This time I think I will catch the breakout, all my rules are been followed: good buying volume, price above key MAs and good divergence with the RSI. This is almost to perfect to miss, but as always anything can happen so I will wait for it. Even so, as the market it's been to volatile I won't buy to aggressively.
Activision On The Move?With the stay at home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. Activision seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $80 resistance on the daily chart, then a weekly close above $85.
Our Stock of the Day / ATVIToday, we have a long setup to share. Here you will see a full explanation of the logic behind it.
a) We always start on the weekly chart; we want to understand the main context.
b) There we can see that the price has broken the previous all-time highs, and after that, a massive consolidation started
c) Now, on the Daily chart, we can see that the consolidation is a clear ABC pattern (FLAG structure), which is considered a bullish pattern
d) Classic chartism would also say that we can see a CUP and HANDLE structure, which is also a bullish structure
e) Setup configurations: Entry is above B and the previous All-time highs zone. The stop is below C. Take profit is on the last Fibonacci Extension. Break-even is on the first Fibonacci Extension. Risk Rewards Ratio 1.55
f) We will risk 1% of our capital on this trade
g) We will cancel the setup if the price goes below C
h) Remember: Trade Safe, protect your capital, and always understand what you are doing
ATVI Buying Oppurtunity NASDAQ:ATVI has taken a fall down below the 100 Day SMA. This has since formed a bullish flag with a similar line of upward diagonal that held dips in price in June and early September. The big drop in price is due to the pushback in their new WOW game release. However, the stock holds a lot of value and has continued to see increased sales through quarantine. Furthermore, the release of new game consoles for NYSE:SNE and NASDAQ:MSFT in November will likely further boost the companies sales. My first target for this stock is 81.82 in a couple of weeks and 85.84 by early November.
ATVI LONGActivision tambien es una empresa que da un lindo ratio de riesgo beneficio, respetando un canal alcista desde la caida por pandemia, ATVI se encuentra ahora mismo en el piso del canal, teniendo una potencial suba hasta maximo anterior (que se encuentra en una resistencia por maximos historicos pre-pandemia) y hasta tambien el techo del canal alcista. Es un papel que me gusta mucho y que desde los fundamentales tambien viene bien acompañada, con lanzamientos de nuevos videojuegos que vienen a hacer historia en el rubro.
Reconocio y se apoyo bien sobre el 0,382 del retroceso y el piso del canal, puede hacer un gran impulso rompiendo maximos historicos y yendo al buscar el cluster de fib que se da del swing general y del ultimo impulso y retroceso que hizo el precio.