Microsoft had agreed to acquire Activision Blizzard ATVI in a cash deal valued at $68.7 billion, equal to $95 per share. Activision Blizzard owns some of the most popular gaming franchises globally: World of Warcraft, Call of Duty, and Candy Crush. So there is a 17% upside arbitrage here, if the deal does close.
ATVI accumulation is definitely ON. Net buyers has started positioning for the last 4 days at the 75 ish area... Buying volume has started increasing significantly on a daily basis. Expect some bounce from here on. Here are the financial results for the last quarter -- and ATVI has been bringing the goods so far. ---------- Financials Quarterly financials MAR...
im new to this. This is what I see at the 3-hour time frame. Happy trading!
This is all of the trades I am in currently and where it is at in this move. I jumped in below the ribbon , which is more of a risky position and you tend to wait a few weeks to get into the profit run. You still see profits but the easy wins come when it hits the top of the ribbon. Today I saw a pop at the beginning for the day for $1000. However, keep in...
As you can see in the chart ATVI Had started A massive uptrend in the last 23 years that it could be NEAR to the END of mentioned uptrend by my point of view. there are 2 scenario that could happen. in the first scenario we are going to have A new HIGH which shouldn't have a high difference with the last High! (Orange LINE) in the second scenario after breaking...
Hi guys. This is my techical analysis on what i see on Activision. Its a personal favorite, as im a heavy gamer of COD, diablo and more. But just a reminder this is not financial advise, i am not a financial advisor. Everything portrayed here is my opinion. FYI - i tried to fit an example of MACD that i feel this current action is more closely related to so...
ATVI is being a target of takeover (agreed by shareholders) at 95$ by MSFT. Some of the anti-trust organizations are opposing to it. That`s why the price is around 76.6$ right now (59 bn).The deal might go through as ATVI + MSFT will not create a monopolistic position on the gaming market, which is very fragmented and everything depends on the gamers...
I recently made this. And just today I added the opposite direction. The gold circle on the right side I added today. The speed fans facing down is where I started from.
Activision - 30d expiry - We look to Sell a break of 73.59 (stop at 76.11) Short term bias is bearish. There is no clear indication that the downward move is coming to an end. We have a 38.2% Fibonacci pullback level of 74.15 from 103.41 to 56.07. 73.71 has been pivotal. A break of 73.71 is needed to confirm follow through negative momentum. The failure to...
Subwave structure of the current upside move is three wavish, which is corrective, and not impulsive. If H&S confirms, the target is $10 and lower. Not sure whats gonna be the driver for that decline, maybe CMA wont allow the merger to occur? Idk.
This morning I received a Spike Alert for price volatility at the open on Activision Blizzard NASDAQ:ATVI . Perhaps people are excited about Wrath of the Lich King classic being released? :D This swing trade occurs within the context of the Merger Arbitrage trade which has been going on for many months since Microsoft announced an offer of $95/share to purchase...
Falling Wedge in yellow A Falling Wedge is a bullish continuation pattern and in this case is at the bottom of a larger ascending channel Once price touches this lower channel band again and forms a double bottom the falling wedge will come into effect and push price back up further into the ascending channel
Get in what are you waiting for ! Target 91$ Stop loss at 78$ TradeWise
Activision Short Term - We look to Buy at 79.10 (stop at 76.16) A bullish reverse Head and Shoulders has formed. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Previous resistance at 79.00 now becomes support. Further upside is expected although we prefer to set longs at our...
The end of Q2/H1 has heavily impacted the majority of stocks as we know. The announced takeover of Activision by Microsoft in my eyes has been put on hold due to the market downturn, pushing back into the second half of Q3 or even as late as mid Q4. With the buyout suggest to be at US$95 i feel that the current price of US$78 is a good buy. There is a lot of...
#longshortcompetition Long: TCEHY / Short: ATVI Not only do the technicals show a downtrend with support for Tencent. I for one can see the writing on the wall for activision blizzard . They aren't a "bad" company. But boy oh boy have they been taking L after L after L. Whether its corporate structure, actual incompetence, etc. As someone who grew up on games...
Not Financial Advice ~ A prediction I think blizzard has met its newest level of resistance. In the upcoming weeks I expect ATVI to head back down to its latest level of support. To bounce back up, but I think the continuation bounce is going to be significantly lighter than the first.
Activision Short Term We look to Sell at 75.92 (stop at 78.77) Preferred trade is to sell into rallies. Previous support level of 76.45 broken. Selling continued from the 61.8% pullback level of 85.33. There is ample scope for a move lower from this important resistance. Closed below the 20-day EMA . Our profit targets will be 65.12 and 56.10 Resistance:...