Activision, especially subsidiary Blizzard make great games, so my son tells me. But their financials certainly are not to be played with.
Short-term Trend - Down
Medium-term Trend - Down
Long-Term Trend - Up
Price way below the Ichimoku Cloud
Stock Market Crash Detector Indicator - RED
If you are still holding onto ATVI it may be a year or two before you recoup the loss. You can, of course, invest more to dollar average the loss.
For those looking to get in, the risk reward is a potential drop of another 20% versus and upside of 60% to 80% over the next year to 18 months.
Let's be clear, ATVI has not formed a bottom so buying now as a medium-term investment is catching a falling knife.
Early signs are that their latest call of duty is a smash hit, but Christmas is around the corner we shall see.
So enough of the games, it may be just a little too early to play with Activision.
Stay safe
Short-term Trend - Down
Medium-term Trend - Down
Long-Term Trend - Up
Price way below the Ichimoku Cloud
Stock Market Crash Detector Indicator - RED
If you are still holding onto ATVI it may be a year or two before you recoup the loss. You can, of course, invest more to dollar average the loss.
For those looking to get in, the risk reward is a potential drop of another 20% versus and upside of 60% to 80% over the next year to 18 months.
Let's be clear, ATVI has not formed a bottom so buying now as a medium-term investment is catching a falling knife.
Early signs are that their latest call of duty is a smash hit, but Christmas is around the corner we shall see.
So enough of the games, it may be just a little too early to play with Activision.
Stay safe
Barry D. Moore CFTe Financial Technician
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12 Proven Winning Chart Patterns
www.liberatedstocktrader.com/chart-patterns-reliable-profitable/
MOSES Beat The Market with TradingView:
www.liberatedstocktrader.com/moses