ATVI
Long AtviAtvi has ER in +1 week. All previous dips has been bought at declining volume.
Expecting the price to break the old ATH level. Target: 88$
ATVI daily shooter breakout longATVI has an outstanding turnaround in 2020,
and again it's near its all time high spot.
There are still 2 weeks before its ER, I'll be willing to try this shooter breakout today.
Let's see how it goes yo!
$ATVI Flat Correction up to $88.48$ATVI has been upgraded by many analysts in the last few days, so I decided to apply my learning to this equity.
Until the market structure is further revealed I am assuming a Flat Correction.
In which case, leg A of a higher degree correction has completed. And, we have exceeded a 50% Retracement into Wave C of B.
A 100% Extension of Wave A of B would terminate Wave C of B at 88.48.
Disclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
ATVI short term ascending triangle. Push to 80-85?Nice little 'W' on the hourlies within a larger asecnding triangle. I think it pushes higher.
ATVI - Set-up for Next Leg Up?ATVI
Daily
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Holding support @100ema/618fib = 67.55
StochRsi Macd, TTMSqueeze are setting up
4hr
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Holding support 618fib @67.55
Set-up at bottom of current uptrend
1st Target=786fib @75
2nd Target= 84
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
ACTIVISION Pprepares To Re-Test Bearish Order CandleWith price rejected twice at almost the same level ATVI may likely be set to rise to re-test the swing high at 72 (and above)...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
ATVI Holding The world's 3rd largest video game publisher, ATVI holding up today
Keeps testing ~73.5
Up from yesterday's close, (and closed higher yesterday=strong finish)
Still trading above both the 50 Dy MA and the 200 day MA on the weekly.
Strong fundamentals
Forward P/E 28.7
up 57.10% for 1 year
up 38.21% for 6 months
up 9.59% for the last 1 month
cash flow up 11%
Outperform/BUY rating by Credit Swiss, Schwab,
Argus, C.F.R.A., Market Edge
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 ✨
Like and Follow to help us grow family! 🎉
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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.
GamersATVI reporting earnings this week.
This chart depicts ATVI vs. EA - upward move signals ATVI outperformance, downward highlights EA outperformance.
Who would you bet on?
Bullish on daily, as long as $62.75 holds. Fib levels shownBullish on daily TF, as long as $62.75 holds. Fib levels shown below. Weekly - Possible cup forming and bull flag, but there is bearish RSI devergence. Options - On Friday, April 17, 2020 , 3,850 contracts were bought of the $72.50 call expiring on Friday, May 15, 2020, which are still in OI. 8.5% Move expected. May 8 P/C ratio .42, May 15 P/C ratio .25. Q1 Earnings – They have beat Q1 EPS and Revenue expectations since 2014. Good Luck this week!
Activision Blizzard - Short & Long Term OutlookHas bounced through different fib levels perfectly.
Has performed really well in this ugly COVID-rekt market.
Bearish divergence possibly forming with a new micro high which would be at the .618 fib level, look to dump there first.
BUT, from an overall long-term perspective it looks very healthy and bullish and would love to see how it performs especially when markets begin to recover as a whole.
Will continue to keep an eye on this stock in the next few weeks.
Cheers.
ATVI approaching a wave 5 I’m long til About $70-73 on this one a Wave 5 developing. Also a Harmonic developed around waves 1-2.
Activision Blizzard $ATVI#ActivisionBlizzard just broke out the resistance with volume just above average. RSI is still week and strong resistance ahead where may stall and pull back.
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
Gamers rise upPotential swing up play on ATVI. Levels look good. Has held up well in these market conditions.
Looking for bullish reversal signals under $50
Long ATVI, new games releasesATVI can easily see 65, 70 and 73.45 USD based on both fundamental and technical analysis. Price rises in rising channel and breaks resistance lines. Reward to risk ratio is more than 2.5. New games introduced by ATVI specially Call of Duty modern warfare and Call of Duty mobile shows signs of growth again and Warcraft III: Reforged and World of Warcraft: Shadowlands could rise predicted EPS for next quarters.
