NASDAQ:ATVI has been trading sideways for over 9 months now and in a tight range for the last month while printing higher lows (ascending triangle ?). Oh, and of course opened a big gap in that last drop.
What I'm looking for next :
50$/200 EMA test/breakout
Volume on breakout
Strength of breakout/if weak see if market structure holds
ATVI, Activision Blizzard, near to weekly breakout. We have to wait for this week. I hope, we will get breakout as the daily chart has a giving breakout for an inverted head and shoulder chart pattern.
Buy : $ 49.25
Stoploss : $ 48
target : $ 61
All the players who left World of Warcraft will come back for World of Warcraft: Classic, which will show up in the subscription numbers in the earnings announcements.
This will also get a boost from Blizzard's mobile game Diablo Immortal, which will be most likely be released in 2019 +/- few months between the release of World of Warcraft: Classic. It will be...
NASDAQ:ATVI Underlying chart is for ATVI, the orange line is representative of EA in comparison. Overlaid the two to highlight the simultaneous breakouts of both stocks from resistance that has held them both down for months. ATVI has a really wonderful gap fill opportunity overhead, and EA should be able to run up to 113ish, and if it can push through that area...
TTWO closed higher today following a mixed earnings report and soft guidance. The stock briefly traded down to $95 post-close yesterday before rallying through today's session. Highly-correlated competitors, EA and ATVI, also posted nice daily gains as investors seem generally optimistic on the video game sector. However, this chart of the top three names in the...
Activision has a nice high-volume support node at 47 and has been holding above that level today. On the 1-minute chart it's moved above its 50 MA and looks like it will rise the rest of the day.
Activision is in the software sector, which is outperforming the S&P 500 right now. It's also gotten into esports, which is extremely hot.
ATVI is building an intermediate-term bottom that is a solid base from which the stock can eventually move up as its fundamentals improve. This is a pattern all Retail Traders should notice, especially Position Traders and Intermediate-Term Traders.
Activision Blizzard fell from grace in early Oct 2018 and has been forming a base for the past 6 months. There are two dominant patterns to watch with this one. First, is a Symmetrical Triangle which is nearing the apex (or decision point) and second, a Complex Head and Shoulders pattern which will only be confirmed on a break above the neckline. FlashPoint...
NASDAQ:ATVI Earnings seemed to provide a good entry point for this bullish setup. Above $50 there is a big gap that should be filled soon IMO. This would be one that i would keep an eye on and enter possible buys/calls after a daily close above that $50-51 level.