ATVI trade ideas
ACTIVISION - 3 knocks on the door of support level so farSupport gets weaker the more it's tested. Knock, knock, knock. Couldn't break overhead resistance, drooping under the 30MA.
Just looking at price action it looks like a possible change in trend is imminent as soon as we see a true lower low...
This needs a decisive election result as a catalyst otherwise I'm looking for a break of this range and a change in trend to the downside
"ATVI Long" Bullish will this be able to push back to $83 NASDAQ:ATVI Nice DT break today but still has some work to put in will be looking for a range break around the 83.48 resistance level. If it can capture that level and hold then 85 spot will not be in range. 85 break I feel this going make some nice moves but let not over look some of the news driven events like stimulus drama and Covid19 that we are facing and my put a halt in its run once it get going.
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 Long" Bullish will this be able to push back to $83 NASDAQ:ATVI Today test and hold of the trend created a nice high low. a break of 80.83 will put it just above recent range low and can see a nice push back towards that $83.50 area of resistance. Will like to see if this can be one to get going to the upside with holidays approaching fast so, can this get some nice momentum behind it with all the kids staying home due to covid-19 might not be a bad one to watch.
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.