Rounding bottomThe price fell back from earnings. It may be a great entry for bulls. Support is around 45 and we are look for volume to push to 47. The next big gap would be from 47-60 to buy back some of its wk losses.
ATVI trade ideas
ATVI a buy?Big crash for this stock. Filled the gap. But it gapped down. This gap may be filled? good earnings. Retook the 50EMA but didnt hold. give it time to retake and this may start going back up.
ATVI - LONG TERM POTENTIAL - INTO THE BUY ZONE AGAINBUY ZONE :45.07 - 47.21
A POTENTIAL R:R RATIO NOW IN FAVOR OF THE BULLS: AT LEAST 4.5:1
PLEASE DROP A LIKE OR HIT THE FOLLOWING BUTTON TO CONTINUE SUPPORTING FUTURE CHART ANALYSIS.
I REALLY APPRECIATE YOUR SUPPORT
Long ATVIThis one's pretty simple. Blizzard is releasing a new Hearthstone expansion on 9th of April and a lot of kids(including me) are hyped about it. This addon has the potential to bring a lot of revenue to Blizzard.
On top of that it might be a great opportunity to hold for longer, since the stock lost more than 40% since October.
$ATVI Activision Blizzard is still a favorite among gamers. The demise of gaming stocks is a little overblown, Google entering the market and has sent investors in the more established companies into a bit of a tailspin. Earnings disappointed for a while but the growth in previous years was unsustainable. The sell off has made these stocks even more appealing as P/E rations are much more reasonable. We think this is a good RR long.
Possible reversalWeekly flashing green for some time now, Sekiro release was a success.
Fib retracement from all time high.
Activision knows how to generate profit.
Bullish ATVIRSI upward momentum
Eliot Wave Oscillator Momentum up
Stochastic upward momentum
MACD upward momentum
The old big dividend bait and switch... This company is failing it's customers in multiple ways. ATVI is a mix of two gaming companies that are both far beyond losing touch with it's customers and the gaming industry as a whole. A good gauge on how a certain game company is doing (and the best in my opinion) is by checking their community forums. In this case they are barren and extremely bias, in favor of the company and it's profits. The mods seem dismissal towards players and their problems. I saw this coming and should of posted this months ago when the price was 100% higher.
The only hope for these two companies is to completely restructure it's leadership methodology, business model, and the development of the games them selves.
Good gaming companies are run by gamers not big corporate executives unfortunately.
I suspect a massive to the $60 range then a complete and utter decimation to it's market cap, again..
ATVI LONG: Target 55$ATVI bounced well from the 50 Day MA and seems to be moving towards the 200 day MA. A conservative target of 55$ in the upcoming month in my opinion.
Stop loss : 39$
Target: 55$
Long term target: 60$
From current prices, that is more than 20% increase which is a great trade. Ride the uptrend !!!
ATVI (Activision) bullishI think Activision has possibly put in a bottom here. We saw a massive downside move that aligned exactly with the Diablo mobile announcement at Blizzcon, which in my opinion was a knee-jerk selloff. We saw climactic volume at the bottom (classic bottom signal) and have a multi-month bull div forming on the daily RSI. Short term action looks like a bull flag and the bulls seem to be controlling the volume (always a good sign when you're looking to get long). I normally take fundamentals with a grain of salt but being a longtime Blizzard fanboy, I think the Blizzcon selloff has put ATVI at a nice discount and here's why I think that: Blizzard's cult-like following (me included) were upset to hear the Diablo mobile announcement instead of plans for Diablo 4 but from an investor's perspective I'll tell you why it's bullish. The Chinese market is enormous and Activision didn't arrive at the decision to develop for mobile hastily. As much as Blizzard fanboys hate the idea, I think it will be quite successful (along with Call of Duty mobile). Also, and this is only speculation, but I can almost guarantee Activision execs are squirming to get in on this Battle Royale (fortnite genre) cash cow so I strongly believe we will see big announcements soon on this front. The techincals look good to me as well at this point and with that plus potentially good fundamentals on the horizon I like a long here on ATVI. And yes, I realize Blizzard isn't all of Activision, but it's a huge part of it. New expansion coming up in Hearthstone plus World of Warcraft vanilla reboot coming soon has all the fundamentals aligning for a strong showing in the mid term I think. Good luck.
Another CC on ATVIThis is the covered call for the other half of my position on ATVI. It is trading into the 100 sma on the daily. May $57.50 for .54
BUY $ATVI: Monthly swing trade to all time high! Monthly Ichimoku Cloud shows all. Follow the big picture. Easy!
An analysis, not an investment advice.
Drop a comment or private message if you want more information on the chart. (:
Long - Activision (ATVI)- NASDAQ:ATVI broke above a falling channel in place since November
- Prices are trading above their 20-day and 50-day EMA
- MACD finally turned positive
- Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards)
- Target is set at the gap near the 200-day EMA (17.5%) with a stop-loss near the 20-day EMA (8.5%)
ATVI: Rounded Bottom with Dark Pools WaitingActivision Blizzard Co is developing what will become an intermediate-term rounded bottom formation, aka bowl bottom. It is about 25% to completion. Large-lot indicators have not formed a shift of sentiment pattern yet, as smaller funds’ VWAP orders continue to trigger in capitulation mode. The smaller funds are giving up on ATVI as it bottoms. The Dark Pools will wait to see if the stock will drop further due to the smaller funds dumping before they decide where to set their TWAP orders. ATVI is a gaming company that is gearing up for Augmented Reality.
