Imagine not buying Tencent Best fundamental long term video game company.
It is already clear Valorant is going to be a huge game, even though it is still in Beta.
If the overall markets werent in limbo with COVID going on this stock would be much higher.
I expect when things recover this company will be a red hot stock...
Overall the chart on the weekly looks to in a great bull trend. I will ride this play out for months to come.
Will probably consider adding over time. Anything under $54 is free money in the long run..
Gaming
1337 : Razer Inc | Gaming IdeaCompany has decreasing debt, increase revenues, top products and it is situated in the middle of the largest growing industry in the world, Gaming.
For $1.11 HKD, the company is a steal.
Price Action looks nice, looking for a low buy due to higher close and higher high.
NFA - Not Financial Advice
DYOR - Do Your Own Research
BIYS - Believe in YourSelf
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. :)
ZNG Weekly Shockwave in Rising Trend 👀Gaming stocks have been on the move since last summer & ZNGA is no exception if the broader market maintains strength we could see this one making new 52 wk highs very soon & longer term having room 2 run if gaming develops along the arc described in the chart above.
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
Great Long Term Play for MGPNYSE:MGP
MGM Growth Properties has great potential to outperform the market. I believe that right now is a good pullback price and based on a DCF Valuation it is trading at a discount currently. $MGP is at a 6.57 Div/Yield rate and climbing. On top of the great dividend, it has shown solid Capital Appreciation and I'm looking for continuing growth. On top of this, MGP has solid intrinsic value in purchasing ground leases.
Gluu about to break out?!Highlighted are the macd and rsi
macd Blue line about to cross the middle
macd histogram near and possibly crossing middle (our leading)
rsi also looks to be moving toward and crossing the middle
anyways not trading advice. just imo.
Intel Cup and Handle PatternEarning Report on the way and Intel will be boosted by the demand produced by the gaming season. Highest Earning of the year expected. Is it a coincidence for a cup and handle to appear to support our predictions for the season. Expected to approach or even beat high experienced earlier in the year. Trade relies on their investments in their R & D department to be competitors. Low-Risk trade. Disclaimer: However, as always don't take my word for it, trade at your own risk. Constructive Feedback is welcomed.
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.
Tencent buys 29% stake in Dune and Conan gaming company Funcom The initial rally in OSL:FUNCOM share after news broke that Tencent bought the largest position in the Oslo based gaming company was called off after primary insider Fredrik Malmberg sold a large amount of shares the same day.
This is giving the market a chance of buying Funcom stock with a healthy discount compared to the share price payed by Tencent.
Funcom have completed a full turnaround of the of the company since the release of survival game Conan Exiles, and is now debt free.
This makes the company a very interesting investment opportunity and well positioned on creating great new games based on the Dune franchise.
Dune video games coming alongside 2020 movie, says Funcom
www.polygon.com
PC Gamer: Funcom is making an 'open world multiplayer' Dune game
www.pcgamer.com
Techcrunch: Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom.
techcrunch.com
Q2 2019 presentation:
cdn.funcom.com
Q2 2019 report:
cdn.funcom.com
FUNCOM N.V. ENTERS INTO EXCLUSIVE PARTNERSHIP WITH LEGENDARY ENTERTAINMENT FOR GAMES IN THE DUNE UNIVERSE
investors.funcom.com
$GME, Gamestop, will come to a STOP!Look, the truth is no one buys games from Gamestop anymore like we use to. We can easily download games via our console or we go to stores like Best Buy, use Amazon or buy used games or consoles through Craigslist or Facebook Market. There is nothing special about Gamestop, anyone can do what they do. What they should focus on is selling classic old vintage games. Maybe that'll revive them. But, the way things are...I only see it going away like a Blockbuster.
ZNGA can reach $8Zynga currently offers a very bullish set-up
Multi-year break out
followed by weeks of consolidation
GIG noen dagerLav RSI, ligger i ett underkjøpt marked. Muligens en oppgang iløpet av noen dager. Nylig gått gjennom en HS
ZYNGA INC - NASDAQ: $ZNGA Knocking On The DoorAfter breaking to higher ground in May on enormous volume, shares of ZYNGA INC - NASDAQ:ZNGA have found themselves building a high-level base, while working on its right-side with the stock now knocking on the door of a potential break-out to loftier levels as we can observe in the Daily chart above.
While a bit more work is required, we can see that ZNGA presently trades above all of its important moving averages 20/50/200 DMA's, which lends to a healthy technical picture.
In addition, when one extends out to the Weekly and Monthly time-frames, we can also witness that ZNGA remains in fine technical shape across multiple durations.
Thus, both investors/traders may want to continue to monitor the action closely in the days ahead for if ZNGA is capable of going topside of the $6.55 level and can 'stick', such development would likely trigger its next advance into and initial $8 - $10 zone objective with potentially loftier levels down the road.
****NOTE - ZYNGA NASDAQ:ZNGA Is Due To Report Earnings Next Week 7/31/19 After Market Close ****
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.
Microsoft Heading Big!! Just recently held was the Xbox E3 conference, where Xbox (Microsoft) announces all new games and consoles. Within this week alone where the conference was held, a sudden increase roughly of 12% was reached in share market price. A new console that Microsoft announced is called Project Scarlett and will be 4x more powerful than the previous Xbox one x. Creating excitement for customers in this industry. In addition, Microsoft also spoke roughly around the topic of game streaming, with a new project called X-Cloud and will stream almost virtually on any device capable of internet streaming. The game streaming market has become bigger by the year with other competitors such as Googles Stadia, PlayStation Now (Sony Corporation) and other smaller companies. If Microsoft want to stand out from Googles Stadia in particular, Microsoft will need to be fast, reliable and minimize as many network faults as possible. Google have an advantage in the streaming industry as it's been streaming data to the world for many years and provides a leverage that Microsoft doesn't when it comes to servers and networking. Microsoft will need to work extra hard to get where they want with additional investments to server hardware.
I do conclude that Microsoft is a perfect company to go long with, a positive annual revenue stream with an estimated 10.85% growth in total revenue per year makes Microsoft perfect to continue expanding within the gaming and computer industry.
E3 is coming - ESPO (video-gaming etf) / LongWith 2019 E3 (2019 Electronic Entertainment Expo) coming up next week. -- June 11th - June 13th --
I believe this sector will thrive short term.
Important focus portfolio holdings are:
NTDOY (Nintendo) -> 6.84%
SE (Sea Ltd) -> 6.63%
ATVI (Activision) -> 6.53%
EA (Electronic Arts) -> 5.85%
TTWO (Take-two Interactive) -> 5.11%
* Remember to always set your stop-loss and profit-exit orders to protect yourself and balance the risk/reward.
EA potential MA 50/200 crossover and start of bull trendEA released its newest game Apex Legends on February the 4th. The market didn't really do anything special that day because the ER was coming the day after. The market reacted badly to the earnings and made the stock dump. The first day after the ER the market went as low as 78.00$ before it started its next uptrend.
From its February low it has made around a 39% increase.
From the beginning of the stocks last bullish cycle from July 2012 to the August top in 2018, the 50/200 MA has crossed 4 times in which it has made good gains before its recent 50% drop.
The price of 78$ when it bounced is also the 0.5 on the fib retracement scale of the bullish cycle.
EA has also bounced on the 2 lowest blue trend lines 3 times from its last low.
Note that the 78.00$ price acted as a previous top and resistance for EA back in 2015 before it became as support bouncing the first time on December 2016 and now recently in December 2018.
I think it can be a good trade to buy the breakout IF it breaks the current channel its in and if the 50/200 MA crosses.