Videogame
NON FUNGIBLE DRUGS DEAL HELPHey P2E Community !
The following is a bit of Non Fungible Drugs Game Assistance. This doc was created after learning that many NFD users may require more than 1 UI when tracking crypto data for DEALS .
Here is a one-stop shop to track your NFD Strains . At anytime you can create a FREE tradingview account and track each of the strains using the links below. This should greatly assist your long-term game.
**Note that these pairings are specific to the NFD Alpha Experience. All Barons will vote on the final NFD Strain/Crypto Pairings a bit later on. **
Grease Monkey
ETH
COINBASE:ETHUSD
Pure Crystalline
BTC
COINBASE:BTCUSD
Bubble Ice
BNB
BINANCE:BNBUSD
Celestial Temple
ADA
COINBASE:ADAUSD
Blue Moon
SOL
COINBASE:SOLUSD
Malana Cream
DOT
BINANCE:DOTUSD
Purple Haze
XRP
BITFINEX:XRPUSD
Charas
MATIC
BINANCEUS:MATICUSD
Nepal Polm
ATOM
COINBASE:ATOMUSD
Outdoor Bio
AVAX
COINBASE:AVAXUSD
OG Kush
LUNA
BINANCE:LUNAUSD
Amnesia Haze
CRO
COINBASE:CROUSD
Activision - to reach new highsFor those that have been following my analysis on ATVI, you'll take note of how he price passed through the highlighted zone and bounced out in the upwards direction in the area I marked a couple of weeks back. With earnings coming in tomorrow, given the fact that COVID-19 has kept people home and the kickoff of the Call of Duty World Championship, I expect an earnings beat as well as a rally this week into the $70-$75 range before another rest period.
Zynga, Unfazed by Market Crash, May be Coiling for a BreakoutAt times like this, with the vast majority of stocks below their 200-day simple moving averages (SMA), a name like Zynga stands out.
The video-game developer has consolidated in a key price zone for the last 10 months. It gapped higher on a strong earnings report in early February and then slid along with the rest of the market as coronavirus spread.
But it barely pulled back. ZNGA only closed below its 200-day SMA a handful of times before clawing higher. It made its low on March 17, almost a week before the broader S&P 500. The longer-term chart also seems to be forming a cup-and-handle pattern.
ZNGA was already benefiting from stronger ad revenue before the coronavirus correction. Now it has the added catalyst of users spending more time on their mobile devices as they stay home. Analysts including Cowen and Bank of America have cited this trend in research notes. Oppenheimer also initiated the stock at “outperform” on March 18 with a $7.50 target price.
Traders may want to watch ZNGA around its current levels. The stock had a weekly high of $6.85 on March 10, which was resistance again last Friday. A breakout of this zone, combined with potential steadying in the market, may draw buyers. Given how long it’s consolidated, now could be the time for an upside extension off the 200-day SMA.
Zynga Had a Cup and Handle Breakout. Here's the PullbackZynga is a classic growth stock with a textbook cup and handle pattern.
The social and mobile videogame stock doubled between late 2018 and the summer of 2019. It then paused and consolidated. Its August low of $5.51 was the cup. The following low of $5.63 in October represented the handle.
ZNGA soon entered a tight channel and moved sideways, followed by a high-volume breakout on January 7. The stock quickly ran up to an eight-year high near $7 before halting. It's now retraced most of the breakout, having dropped for five straight sessions.
ZNGA is now back to the top of the basing structure and its rising 50-day moving average. That could give traders who missed the initial breakout other chance. Earnings are due February 5.
Take-Two Pulls Back After Breaking ChannelVideo-game maker Take-Two Interactive traded in a very tight range since October. But now it's broken above that channel and is potentially finding support at its old resistance around $125.
TTWO, owner of titles like NBA2K, is a classic growth stock -- the same kind of company that's come back into favor recently as the Federal Reserve keeps interest rates super low. It's had a decent earnings history, with the stock advancing after the last three reports. The next set of numbers is due in early February, which could boost interest in the stock going forward.
The entire videogame group also stands to benefit from the growth of Alphabet's Stadia cloud-based platform, and analysts have identified TTWO as a beneficiary of the new service.
TTWO also seems to be working its way out of a long-term cup-and-handle pattern following last year's dive toward $84. The recent high around $116 is potentially the higher low / handle part of that pattern.
Given the old resistance at $125, traders may want to use that level for risk management. Above it, buyers may look for a move back toward the hold highs near $140.
Three Percent Trade Idea: Go long HEARHere is a great opportunity to pick up HEAR .
At Three Percent Trades we have a price target of $22.67 / share, which is a potential upside of 107.0%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.