This week im checking on Activision-Blizzard market structure
chart is not too pretty. ATVI has basically been selling off since it put int he ATH due to loss of market share in primary sectors and not having an answer to Fortnite.
However, ATVI has been a consistent performer month over month for years so you have to look at the macro outlook. Nasdaq composite...
ATVI had a disappointing earning report and dropped sharply to be cut to half from it peak.
Bad forecasting, bad growth rate, layoff........and so on.
There must be some problems yet to be solved for the company, while in terms of technical chart, it could be an opportunity, too!
Here we got this inside day after earnings and it's off the gap support, BABA had a...
the gaming market had a really rough two month and it was all a reason of the fear of fortnite and its free game play with massive player community.
EA Sports, Take Two and Activision Blizzard got beaten down and I was lucky to grab a position at the gap close at 40$. I was looking at it before but was...
Activision seems to have made 5 waves down. Now that the earnings have been announced, it looks like a run could start, with the top of the pennant as first resistance (around 52 dollars) and the first fib as second TP (around 57 dollars).
Showing currently pulled back over 30%, this was due to the fact of still sales uncertainty due to fortnite showing such a impressive share of market place. But we have a little more to add. World of warcraft was a poor performer. Overwatch didn't do so great. The only thing showing returns growth returns for Activision. Is Call of Duty in game purchases showing...
Activision has already dropped nearly 50% in the last 4 months or so. It is very close to key support levels and there is a lot of divergence between the price and rsi
1st Target: $52.48
2nd Target: $58.63
Stop Loss: $39.93
Bought Feb 15 calls this morning, decided to keep them in spite of the market tanking. Appears to have an inverted H&S going on, I think it closes the gap on earnings next week regardless of what they announce.
If earnings suck real bad, it could close the gap from 2017 to $40 on the down side.
No guarantees on the market...