ATVI 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.
Comment:
Just a small update. Short term i'm expecting to hit $85 in the next few months. I think by end of this year/start of 2019 we could be near or at $100. I don't think we will just blow threw the median line of the pitchfork. We will probably sell off / retest / smaller sell off / then punch through. Expect a lot of consolidation in the 80's.
Comment:
This is a good dip to buy. Perfect test of the bottom of the range, yellow trend line held. I'm going to add some calls to my core position.