Activision blizzard Path and directionHello everyone
Activision started a uptrend in May 2020
Price broke the downtrend trend line of 2018 and formed a uptrend channel
However last week we closed on the bottom trend line of the uptrend of the channel
when blizzard announcement came that they are delaying the patch new expansion
Watch key notes on chart
ask me anything :) good luck everyone
ATVI trade ideas
TB - $ATVI 80.98 Gann Fan Analysis - Oct/2020Well, after 6 months away from charting I'm back at the keys.
Here's the current setup and sentimental for swing trade on $ATVI 80.98
Strategy calls for use of RSI and Gann fan drawn on the technical window.
Setup is looking for continuation of Bull Trend with strong USD.
Trade can engage as soon as Monday, 9/27 through early October through all of October.
USD is holding well in the markets and the technical analysis and price action are both showing one thing. The Green buck is strong! Keep current position open and look to re-enter with more silver .
Key price points on Gann So9 to come.
-Bucks
ATVI LONGActivision tambien es una empresa que da un lindo ratio de riesgo beneficio, respetando un canal alcista desde la caida por pandemia, ATVI se encuentra ahora mismo en el piso del canal, teniendo una potencial suba hasta maximo anterior (que se encuentra en una resistencia por maximos historicos pre-pandemia) y hasta tambien el techo del canal alcista. Es un papel que me gusta mucho y que desde los fundamentales tambien viene bien acompañada, con lanzamientos de nuevos videojuegos que vienen a hacer historia en el rubro.
Reconocio y se apoyo bien sobre el 0,382 del retroceso y el piso del canal, puede hacer un gran impulso rompiendo maximos historicos y yendo al buscar el cluster de fib que se da del swing general y del ultimo impulso y retroceso que hizo el precio.
ATVI may be a buy at around $77$ATVI is likely to be heading lower. The stock has broken below $82 where the current trend line was broken. The MACD is signaling a sell. The SMA is still signaling a buy. It may be a buy at around $77. There should be support for the stock at that level. I have a order placed around $77.18.
ATVI - Has more legs than LolthIf you've been buying ATVI since my call at the beginning of the year at ~44-48, right now is a good time to add on to the position. They beat across the board on their earnings call, and the stock reacted negatively. It reached ~87.50 before bouncing off the trendline and reversing at ~79.
Daily technicals show us an oversold Stochastic RSI, Volatility and momentum measured by the RVI is bouncing at 40 and turning back up. The MACD is indicating the price is oversold and in an uptrend.
From a fundamental perspective, Activision Blizzard has an entire content cycle coming up and there's no reason to think they will not continue to impress on their earnings and grow.
Their upcoming catalysts include new releases of Call Of Duty, World Of Warcraft, Diablo 4, and Overwatch 2. In addition, the new hardware cycle for console (Xbox/Playstation) will assist in driving sales for ATVI's new content.
Also, it's worth noting that ATVI has had been able to penetrate the mobile gaming market with Call Of Duty mobile and still has plans to release a Diablo game for mobile.
The mobile gaming market is important because it is forecasted to grow at a much quicker rate than the gaming over the next few years and many other publishers are lagging behind when it comes to capturing market share of the mobile gaming market.
Well, Danger zone got busted!Gap down into danger zone was "filled", now we have another gap to fill to the upside.
resistance in 84 & 83.7 .. breaks both and gotta be careful
Expect a bounce to 85+ today (hopefully) if market gets on a nicer mood
Dont think we fall further unless they push stimulus package to another week or its smaller than planned
ATVI to continue upwards trend Hey everyone, If you enjoyed this analysis make sure to leave a thumbs up or comment your opinion down below.
After the slight pullback after the post earnings sell off we can see Activision found support again on the upwards trending support. With it sitting above the MA in the Bollinger bands and above all major EMA I'm expecting bullish price action for the next few days to come.
Rising Wedge UptrendLong if R is broken. I ask myself, why is this stock not up close to prices of EA, TTWO etc???? Higher market cap than either of the forementioned
Earnings 8-4 Old R at 84.68 which is not too far above price. If they beat earnings and is received well, then R may be broken. Short is low
Rising Wedge. I do not see another pattern right now other than an uptrend (which is not really a pattern) and a C&H that broke out at 65.3 I am a pattern person and could be a negative thing..dunno. Up Trends are usually continued..until they are not. I think this is a strong stock though. I do not own it.
ATVI dipped out of the wedge very briefly with a candle tail
A strong stock may not fall any further from rising wedges than this one has already done
I will watch for now
Not a recommendation