The price fell back from earnings. It may be a great entry for bulls. Support is around 45 and we are look for volume to push to 47. The next big gap would be from 47-60 to buy back some of its wk losses.
The demise of gaming stocks is a little overblown, Google entering the market and has sent investors in the more established companies into a bit of a tailspin. Earnings disappointed for a while but the growth in previous years was unsustainable. The sell off has made these stocks even more appealing as P/E rations are much more reasonable. We think this is a good RR long.
BUY ZONE :45.07 - 47.21
A POTENTIAL R:R RATIO NOW IN FAVOR OF THE BULLS: AT LEAST 4.5:1
PLEASE DROP A LIKE OR HIT THE FOLLOWING BUTTON TO CONTINUE SUPPORTING FUTURE CHART ANALYSIS.
I REALLY APPRECIATE YOUR SUPPORT
This one's pretty simple. Blizzard is releasing a new Hearthstone expansion on 9th of April and a lot of kids(including me) are hyped about it. This addon has the potential to bring a lot of revenue to Blizzard.
On top of that it might be a great opportunity to hold for longer, since the stock lost more than 40% since October.
This company is failing it's customers in multiple ways. ATVI is a mix of two gaming companies that are both far beyond losing touch with it's customers and the gaming industry as a whole. A good gauge on how a certain game company is doing (and the best in my opinion) is by checking their community forums. In this case they are barren and...
ATVI bounced well from the 50 Day MA and seems to be moving towards the 200 day MA. A conservative target of 55$ in the upcoming month in my opinion.
Stop loss : 39$
Long term target: 60$
From current prices, that is more than 20% increase which is a great trade. Ride the uptrend !!!
I think Activision has possibly put in a bottom here. We saw a massive downside move that aligned exactly with the Diablo mobile announcement at Blizzcon, which in my opinion was a knee-jerk selloff. We saw climactic volume at the bottom (classic bottom signal) and have a multi-month bull div forming on the daily RSI. Short term action looks like a bull flag and...