I personally enjoy snow related activities to include snowboarding. But I can assure you a snowslide event is furthest from my mind when I go. If I had a heads up for the probability of one occurring in an area, I'd take adhere to safety precautions or be far removed from the event.
I believe that Activision Blizzard is due for a “snowslide” after it gapped up January 18, 2022.
Rationale-ATVI gapped up approximately 15.90 on January 14, 2022. 6.90 of the total gap was filled. The gap amount that remains is approximately 9.81. Please make a note of the fact that, ATVI closed below the 9, 21, 50 and 200 moving averages (please review the chart below).
ATVI bounced off the 200 MA twice prior to finally going just below it on April 29, 2022. Though it closed under the 200 MA, the candle is closed as a spinning top. It is for that reason that I will more than likely wait for a safe entry just below 75.28.
Why would you think that? MSFT is acquiring this for more than $90
MrALtrades00
⋅
@JaMoney69, Thanks for commenting on my post. The answer to your question is ATVI has a gap that hasn't been filled yet (please see "Rationale..." from my post). I am aware of the deal Microsoft has with Activision Blizzard for $68.7 B. The announcement of the deal is the reason why ATVI gapped up. However, the deal hasn't been finalized. 98% of ATVI shareholders agreed with the buyout by Microsoft. But the current holdup has much to do with the FTC's concerns with fair competition. Also, deals of this nature do not happen overnight. Mergers take time once the buyout deals are approved. When the deal is finalized ATVI will be added to the stocks I trade regularly. Thanks again for your question!