Esports
ESPT.V On Watch for Downtrend Pattern Breakout (eSports/Gaming)ESPT.V lit up a nice green candle on the daily chart to end the week. Poked its head above the downtrend channel that started on Aug 20th for the first time. The company is one of the early movers in the rapidly growing #eSports sector and is expected to close a revenue-generating acquisition within 1 - 2 weeks, followed by another major acquisition. Both were paid in .30 shares. Currently trading at .225.
Very bullish macro environment. Latest RBC Wealth Management report shows #Gaming #eSports sectors are in the early bull cycle. ESPT.V is one of the better values with $2.3M in revenues last year, $9M mkt cap and 43M float. Catchy ticker name is a bonus. :)
EA resistance and HS BreakoutEA Has confirmed breakout from the trendline that acted as resistance since the beginning of 2019. Initial target 115, secondary target 120.
Bullish options activity in IGT ahead of earningsIGT, International Game Technology, has been getting some unusually bullish call options activity today. IGT blew away analyst estimates on its last earnings report, and options traders may be betting on a repeat performance. IGT has been seeing particularly strong growth in its global lottery division. Even if IGT misses on earnings, it could soon start to gain as it rolls out its new "CrystalBetting" sports betting terminal. In addition to its growth potential, IGT has an $.80 annual dividend.
ESPT.V Tightening trading range, cooling RSIVery interesting consolidation of the stock in the low 20's. The falling wedge pattern can be seen by connecting the peaks of breakouts along this downward trend.
Note that the 20 cent level has provided excellent resistance in the past. The stock closed at 20 cents this Friday, this was the second time for the ticker. The previous time the ticker closed at 20, a gap up to the mid 30's was observed the next morning.
This is not an indicator of future success, but an indicator that perhaps shorts may be covering around this price and drive the price higher. Similarly, a press release about a closing of activate or victor gold deals may bring buying pressure to the upside.
I remain bullish at this level, and believe #esports will be very bullish in 2019!
ATVI attempting bounceActivision has a nice high-volume support node at 47 and has been holding above that level today. On the 1-minute chart it's moved above its 50 MA and looks like it will rise the rest of the day.
Activision is in the software sector, which is outperforming the S&P 500 right now. It's also gotten into esports, which is extremely hot.
ESPORT IS BOOMING AND IT'S JUST GETTING STARTED perfect for long, swing or day trading. i've been in and out of this stock for over a year, income over one large sum of money. the potential of this industry is enormous just like in the east, gamers can live like top paid celebs. if you know about support and resistance you're good to go with this one
Activision activated at 40$ all the way to 60$
Hey everybody,
the gaming market had a really rough two month and it was all a reason of the fear of fortnite and its free game play with massive player community.
EA Sports, Take Two and Activision Blizzard got beaten down and I was lucky to grab a position at the gap close at 40$. I was looking at it before but was instead of greedy like in the past, I was really patiently waiting for it. And boom there it was on monday or tuesday.
I will hold until around 60$ to close this gap from its big drop a few weeks ago and look at its behavior. The future will be challenging but I think they will get it clear that nobody is waiting for diabolo mobile games and concentrate on the core power like call of duty or overwatch with free plays and integrating monthly subscriptions for constant cash flow.
If it will drop again I will take a second position at around 35$ after the 60% drop from its all time high.
Just my opinion so make your own research
And like always
May the markets be with you
The Gaming Trade - Video Game and Esports Stocks - September 1.0The Gaming Trade
The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account.
(Note this was created on 9/4/18)
I will be publishing this bi-monthly. One short-form chart update and one long-form newsletter with chart updates.
AMD: Price $25.17
This has been on fire! After completing an 11-year cup & handle it looks like it will need to cool down a bit -- especially because of the HUGE shooting star on the weekly chart. Look to buy the upcoming pull back and consolidation. This will be rolling once again soon enough.
Based on the daily chart - look for a potential pull back to the 50SMA around $21.50 - however price is holding above the 9DEMA (not pictured). If you want to play the potential Bull Flag on the Daily - set a tight stop Just below $24 with a price target around $30
ATVI: Price $72.10
Activision-Blizzard has been in a rising channel since October '16. The stock peaked at the upper resistance line of $81.60 and pulled back to the lower support line. The stock will be in for some choppy trading for a while until the Weekly closes above$75.53 and the Monthly closes above$75.40
EA: Price $113.41
Electronic Arts is showing big weakness at the moment. The huge red candle on the monthly chart is resting on the SMA. This has been in a rising channel since November 2015 and is the first major break in either direction from it. If this doesn't bounce back the next area of support will be $105. Be careful, this has a falling knife quality to it at the moment.
TCEHY: Price $43.14
Tencent is trending south right now. It is currently resting on the SMA of the monthly chart. After a huge hammer back the week of August 13th - price continued to fall and broke below the close of that hammer just two weeks later. Price needs to close back above $49.50-$50 area to change the current down trend. At the moment, a possible area of support could be found in the $36 area.
ZNGA: Price $4.16
Zynga has been slowly moving within a rising channel since February of 2017. Price decisively closed above $3.99 on the weekly locking in the upward trend. It is probably too late to enter a trade as the target is $4.55. This is a stock worth following for the long term - I find the price movements to be reliable - for the time being.
I'll try to do better the next time.
Thank you & safe trading!
eboost big rise or huge fall coming!I expect a BIG rise or a return on the downtrend coming watch yourself out there if you want to keep this coin you are going to need iron hands, trust in the creators and luck.
hit me in the comments with any questions or ideas
ATVI updated long opportunitybuy point ~ $61
target ~ $66.7
stop loss ~ $59.7
potential gain of approximately 9%
potential loss of approximately 2%
slightly better than 4:1 risk reward ratio
catalysts for this stock in the upcoming months:
+their overwatch league will be launching soon
+their new call of duty game will release ahead of the holiday season
