ATVI trade ideas
atvi three drives setting upBack with another possible three drives pattern on atvi looks to be breaking out of that deep wedge would of liked to of seen a little more volume interest on yesterdays hammer but buying the third drive on atvi has been profitable on a couple of occasions for me so i will look to get involved just above yesterdays high targeting possibly 82-84.
ATVI Long**Please note I use this feature to track/journal my trades, follow at own risk**
ATVI hitting the 0.618 and heading into oversold terriorty, along with possibly showing divergence on the 1hr timeframe. May wait for RSI/Stoch to turn up in agreement to enter but see a potential high R/R ratio here on this one.
Buy In - Around the 0.618 Fib Retracement - $69.00 - $70.00
Stop Loss - Just under the S1 Support Pivot ~ $68.80
Targets - $81.88, $84.90
Keep in mind looking at the big picture, this could be the start of an ABC correction. I do see a possible 12345 impulse wave up prior to this correction down. In that case I'll be looking for heavy resistance around $73.30 - $75.50
If we do hit our stop at $68.80 or meet heavy resistance on the B wave up, our next line of strong support on a C wave down would be around $67.16, which would set us up for another great R/R ratio trade.
ATVI long term value channelATVI is one of my favorite stocks. It's important to look at the big pictures when making an investment. Game stocks in general have been in a bull run for 5+ years, but historically ATVI is fairly valued with huge upside left. I expect ATVI to test the upper blue channel of the pitchfork in the future, which if that happened in the next few years would make for a target of over $145 dollars on the low end. This is a company with lots of IP and making smart bets on Esports. Look at any dips at or near the lower blue channel as a good buying opportunity. The yellow trend line has held since the low 30s and should be considered strong support.
Technology stocks for 2018 #5 (ATVI)Sector: Technology
Industry: Multimedia & Graphics Software
Activision-Blizzard, Inc. develops and publishes games for video game consoles, personal computers (PC), mobile devices, and online social platforms. The company operates through three segments: Activision Publishing, Inc., Blizzard Entertainment, Inc., and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content through retail channels or digital downloads; and downloadable content.
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I share this ideas based in charts or technical stuff.
But the decision to pay 69.49 for share, with a PE Ratio of 193.03. It's not in my hands, is not my job determine if the stock overvalued.
The reason because I share constantly this kind of ideas is based in (Price Action) and the opportunity to make money trading with stocks. And price action is always what is needed.
The decision to pay the price of the stock is decision of traders and Investors.
I am Not a Trader, I am Analyst and Stock Picker.
My ideas are easy to understand, I did not try to persuade with the use of perplexing charts and sophisticated financial jargon.
*Trend Following
*Price Action
Blizzard(ATVI) Inside day breakout after HCT World ChampionAs I mentioned from my previous posts, I am not only a trader but also a big fan of Hearthstone.
Tom60229 from Taiwan won 3 games in a row after facing 0:2 situation and won the title.
It reminds me of looking for ATVI trading opportunities, and I got a inside day breakout yesterday.
The momentum was not special at all in a intraday trading point of view, while still it was a inside day after all time high breakout,
so I'm still willing to find intraday long opportunities!
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You guess it right , it's six o two two nine!!!!!!!!