ATVI: Long (Head & shoulders + support)Activision Blizzard is once again at the channel resistance. Additionally, there is an inverted head and shoulders.
We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75).
According to the indicators, we have a bullish background.
I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round number and 3% below the previous local minimum.
Take Profit was set at $ 97.7 (+ 23.85%) below the horizontal resistance and below the circular number (100).
The entry into the position will be increased by the pyramiding method.
ATVI trade ideas
$ATVI | WEEKLY WATCHLIST 10/25One of my favorite swing setups this week. Activision formed a large falling wedge on this most recent pullback from all time highs. Since then, we have broken out and moved slightly higher but I don't think we're anywhere close to being done yet.
Here is my trading plan. I am interested in taking the suggested calls above $81 with volume; ideally seeing a daily close above this key level. Risk/reward is nice with a 5:1 ratio.
ATVI, Can we expect a short-term bullish impulse? Today we will take a look at ATVI:
a) Since February 2021, the price has been on a correction or a bearish trend (depending on how you want to see it), dropping 30%.
b) The price has bounced on a support level, where we can be open to the idea of a new short-term bullish movement. IF the following items happen as expected (70.00 / 72.00)
c) Another important detail is the corrective pattern on the edge of the broken descending trendline
d) Alright, our bullish thesis goes like this: IF the price reaches the green horizontal line, we will consider it confirmation for the bullish movement towards the first target at 87.50. Eventually, we may see a second target at the descending trendline of 91.90 / It's important to be open to possible retracements or reversions.
e) Our invalidation levels are below the corrective structure (yellow lines) either if the price reaches our activation line first or if the price keeps falling from where it is right now.
f) The expected duration for a movement like this goes between 45 to 60 days.
Thanks for reading, don't hesitate to ask any questions in the comments or share your view about this stock.
#ATVI Target : $98 to 27%Considering the Stock Price Correction in the Past, Decent Top and Bottom line Movements and present Valuation I believe the Green Light has turned on.
Buy @ 78
Target : USD 98.00
Support Level 1 : USD 68.00
Support Level 2 : USD 63.00
Resistance 1 : USD 97.00
Resistance 2 : USD 106.5
**Disclaimer - not financial advice, please trade with caution and on your own risk. This prediction Based on My Dreams.
I would appreciate your feedback on my analysis. Do not view this idea as a recommendation for trading or investing.
$ATVI WeeklyATVI weekly presenting an idea for a swing trade. Appears to be a reversal here at good support and going into holiday bullish seasonality.
Look for at least a move up to $84 and if that line of supply and resistance breaks, volume pocket - $90 comes quick.
Stop loss $72 with a move up to $84 good R/R idea for this swing IMO
$ATVI at supportActivision weekly candle looks like a bullish hammer indicating a reversal in the coming weeks to the upside. The intermediate trend is still up (dashed line) and the option flow was on the bullish side ($2.7M in premiums last week vs $530K on the put side). RSI indicating oversold.
I like the OCT or NOV 85 call as an idea to trade the reversal, or 65P if you're bearish and trade the break below volume pocket.
$ATVI | WEEKLY WATCHLIST 9/27This setup may take a little while to mature, but sharing now regardless. This setup is on my radar. Beautiful bullish falling wedge and bounce off the 50% retracement in wave 4. Possible this was the low, but want some time for the chart to play out and confirm more. Watching for a falling wedge breakout which would get me interested in a long swing setup.
Long term target: $100+ (mid 2022-2023)
ATVI Bearish inclined Naked Calls 24 Sep Expiry (Sep Track 1)This is Track 1, Trade 2 of the September trades. This trade follow the following theme that I have crafted.
Industries that performed too well in 2020 (Market wise/product/service) might be unraveling because of their inability to keep up to the new or returning behavior shifts of people getting out of homes and back outdoors.
After spiking early in the year (Feb), Industries such as eGaming and eSports seem to range or trend downwards. They have generally not hit that previous high despite good earning reports.
I would be more comfortable selling into an ETF. But all the eGaming and eSports ETFs have terrible prices now.
Sold 110 Puts @ 0.50 Strike 91
% to Strike is 10% from entry
ATR percentile is high so this is good
Rising RSI , so this could be an issue
Max Gain: est $5500
Total BP Block: 95K
higher low dip buyThis could be a higher low compared to August.This could also be a 1 year higher low.
Financials are still great, stock only dipped because some sexual harassment allegations. Activision is becoming complacent, but America hasn't stopped buying every call of duty for 10 years. If you ever played a call of duty, you know the core audience doesn't GAF about sexual harassment, rather scream in the mic about doing your mom. Only the rich radical left short the stock, because they want to punish the company, over stuff they themselves do.
It could still retreat to $50 as we enter a more bearish market. But it could bounce here. So small entry here, buy at each fib down, sell a little at each fib up. Should jump back up by next earnings, if it doesn't rebound off the fibs.
Activision _ Blizzard Long (ATVI)The trader is one of the hardest jobs in the world, whoever does it professionally knows what I'm talking about.
So when you have the ability to take a double bottom just a few cents from the low of the day it is very rewarding.
I had long ago decided to invest in Activision , the most profitable company in the field of video games, with always encouraging budgets and a very rosy future, with the announcement of GTA 6 at the gates and Diablo 4 coming in 2022 (end of the nerd moment).
On one of the darkest days for cryptocurrencies , with Bitcoin losing 13%, Ethereum a 12%, not to mention the altcoins that even reach -25%, pulverizing the gains of the month of August, which had been very positive, the S & P500 makes a ridiculous correction, while the Nasdaq is about to close even positively, Activision-Blizzard gives me the pull-back I wanted and, thanks also to the execution speed of Interactive Brokers (always and in any case the best broker in the world as far as I'm concerned ), my $ 78 limit order was filled. (you can find the screen of operation)
Should the price reverse and start an upward trend, the targets are as follows:
- 87.72
- 91.79 (POC of the accumulation area)
- 100
If instead, the downtrend should go on, the levels of accumulation (or entry) in my opinion are:
- 76.50
- 71.37 (the most important)
- 66
I will accumulate to that level, with a long-time perspective.
Happy trading.
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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