How low will she go?
Ugly top but has fallen over 100% of projected down target for a head and shoulders pattern and has barely passed the 1.618 in the process, but just barely.
Looks like a CEO controversy sent this down. (CEO Bobby Kotick told colleagues he could leave if cultural issues at the company weren't fixed quickly) Then analysts downgraded this to a sell. Growing competition looks to be another factor.
Negative volume remains high and short interest is low. ATVI has passed some levels of support, but I looked at the 3 year weekly timeframe and I do see a good size green candle that lines up with where price is now. That does not mean it can't fall to the next level of support.
ATVI is below the bands set on an 80 SMA and is oversold on RSI. Securities can remain oversold for extended periods.
Trying to catch a true bottom can be difficult and risky as well. I guess you just never know. A security can seem dirt cheap, but even dirt can get cheaper. The alligator appears to still be looking to the bottom.
No recommendation. Price is below it's longer term moving averages. I am watching for now.
Ugly top but has fallen over 100% of projected down target for a head and shoulders pattern and has barely passed the 1.618 in the process, but just barely.
Looks like a CEO controversy sent this down. (CEO Bobby Kotick told colleagues he could leave if cultural issues at the company weren't fixed quickly) Then analysts downgraded this to a sell. Growing competition looks to be another factor.
Negative volume remains high and short interest is low. ATVI has passed some levels of support, but I looked at the 3 year weekly timeframe and I do see a good size green candle that lines up with where price is now. That does not mean it can't fall to the next level of support.
ATVI is below the bands set on an 80 SMA and is oversold on RSI. Securities can remain oversold for extended periods.
Trying to catch a true bottom can be difficult and risky as well. I guess you just never know. A security can seem dirt cheap, but even dirt can get cheaper. The alligator appears to still be looking to the bottom.
No recommendation. Price is below it's longer term moving averages. I am watching for now.