With the stay at home orders still in place and many spending majority of their time at home, video games are seeing a surge in player activity. Activision seems to be moving and "potentially" formed a Cup & Handle pattern. Would like to see a confirmed break above the $80 resistance on the daily chart, then a weekly close above $85.
Activision recently ended a downtrend and hit the 3rd level of our Bollinger bank giving us a buy signal.
Then has hit a higher high and is trending above the moving average.
Should continue to trend.
Short term target in the next few weeks shown on the chart.
Let's do this :)
Look at ATVI...it has divergence taking place and is primed for a breakout to the up side....I am not in it directly but through a gaming ETF called GAMR....I will be watching it
ATVI has a 390 million monthly active userbase and recently launched Call of Duty BlackOps Cold war. The company is forecasting a strong Q4 with a $2.7B revenue holiday quarter, up from $1.7B last quarter. This is because new consoles have been released and PC gaming continues to grow. It is also likely that the new Call of Duty game is gifted over the holiday...
16/11/2020
TF: 1D
dragonfly candlestick. bullish signal
golden cross happen. Stoch: blue above red
TF: 1H
inverted hammer candlestick. bullish signal
blue and red about to kiss.
Only valid at or over long entry level (LE)
Possible T2 101.2 to 108
Possible stop below 74
The Gartley pattern, one of the most traded harmonic patterns, is a retracement and continuation pattern that occurs when a trend temporarily reverses direction before continuing on its original course.
It gives you a low-risk opportunity to enter the market where the...
Chart: ATVI seems to have been developing a very wide Cup & Handle formation since its late 2019 crash. The March Coronavirus-induced crash may have negated the trend, but overall it still seems to hold. September highs to today have set up a nice handle formation. Any breakout above $84 (very likely post Election) could confirm this thesis and set the stock...
Inside Candle breakout on the daily candles. Target of $79.20. If Atvi closes today under $76.26 I would close the trade, I entered today on the inside candle breakout on the hourly chart, but needs to stay above $76.26 on the daily candle close to not be a failure. If you want to play it safe, enter a the close of the daily candle if its closing outside the...
ATVI has recently showed false breakdown, with the close of the candlestick whipping back up above support, creating a doji. This looks like a hammer doji at the bottom of the range now, which leads me to believe this will make its way back up in the range to the top trend line of the wedge formation.
