FREE DOWNLOAD

The 5-minute mental check-in that helps you focus on the right things in trading and start winning more consistently, even if you are terrible at picking stocks!

ATVI Stock Analysis – Exploding to the Moon!

Listen to Our Podcast In Your Favorite Platform

In this article, we will delve into the recent performance of Activision Blizzard, a prominent company in the gaming industry. We will examine the stock’s upward trajectory, discuss notable market trends, and analyze potential trading opportunities.

While technical analysis provides insights into the stock’s historical patterns, it’s crucial to consider factors like risk management and money management for successful trading. So, let’s explore the technical breakdown of Activision Blizzard’s stock.

Overview of Recent News

Activision Blizzard has been making headlines recently due to positive developments. News broke that a judge approved a significant deal for the company, resulting in a surge in its stock price.

While this deal played a role in the stock’s upward movement, it’s important to note that various factors contribute to stock buying decisions, such as personal investment strategies. Nevertheless, the deal approval was a significant event that impacted investor sentiment.

Monthly Chart Analysis

If we examine the monthly chart of Activision Blizzard dating back to 1994-1995, it becomes apparent that the stock has witnessed substantial growth and reached high price levels.

The long-term trend has predominantly been upward, indicating a positive outlook for future performance. Although there was a minor setback between 2009 and 2013, the stock eventually resumed its upward trajectory.

Recent Trends

Focusing on the more recent price action, the weekly chart reveals two crucial support levels. These levels provide an indication of where the stock has found support in the past. Additionally, there is a psychological level around $100, which could pose as a resistance level.

Currently, the stock is just $10 away from this resistance level, warranting caution for traders. It’s worth mentioning that the stock recently experienced a rapid surge, which can sometimes lead to potential issues such as gaps in the price action.

Short-Term Analysis

Considering a shorter timeframe, such as a two-day chart, we observe an overall upward trend with promising volume levels. However, the $100 level remains a critical point to monitor closely. Breaking through this resistance level could signal a more substantial buying opportunity.

Traders should exercise caution as the stock previously encountered a minor breach at around $104, resulting in a significant downturn.

Trading Strategy

Given the current state of the stock, it appears to be an opportune time for nibbling, which refers to gradually entering a position. Although the stock is demonstrating upward momentum and positive volume, there is limited room for further upside potential. Those who invested in Activision Blizzard earlier may consider this a suitable profit-taking point.

However, for new investors, it may be prudent to take a more cautious approach and incrementally accumulate shares. Breaking through the $100 resistance level could mark a more significant opportunity for buying. Traders should remain vigilant as past instances of breaching this level led to subsequent declines.

Conclusion

In conclusion, the recent performance of Activision Blizzard’s stock showcases its upward momentum and positive market trends. While technical analysis offers valuable insights, it is crucial to consider risk management and money management in trading decisions.

Traders should exercise caution near the $100 resistance level and gradually accumulate shares to mitigate potential risks. It’s recommended to explore additional resources for further trading education and options strategies.

In this class we will focus at looking at the technicals, learning about charts, how to check for support resistance, strength of the move, indicators, understanding price movements, ABCD patterns, and more! Ready to take your technical analysis to the next level? ​

In this live class, you will learn the right way to trade single options. You will learn how to choose which single options to buy, how to reduce the theta problem, and how to create a rocket strategy to trading single options.

If you wanted to learn the ins and outs to adjusting options, this session will go in detail about how to adjust your options trades. We will cover different ways to adjust, how to adjust, different methods, pros and cons, and what to do as positions go against you.

Ready to Learn Profitable

Strategies to Trade Stocks?

If you are serious to learn how to trade stocks more profitably, make more money, and trade with confidence...

Then sign up to get our free educational videos!

FREE NEWSLETTER

Get Access to All Secret Files & Libraries for FREE!

To get access to all of my freebies, enter your email below & I will send you a list of all my freebies!

ALL FREEBIES

4575

BUYING OR BUILDING A

TRADING COMPUTER

In this FREE video series we cover exactly what kind of trading computer or workstation you should buy or build. From the number of monitors to the processor and more! 

FREE MINI COURSE

Reaching $1,000,000
in The Stock Market!

Want to see for yourself how long it will take you to reach $1,000,000 based on your personal return? Then download my Excel cheatsheet for FREE to see and play with the numbers!

FREE SPREADSHEET

5 DIFFERENT IRON

CONDOR SETUPS

In this free video, I'll show you 5 powerful iron condor setups & strategies you can use!

FREE VIDEO

FREE 20 MIN CALL WITH SASHA

Want to work with Sasha for 3+ months & learn how to trade options the right way?

DISCOVERY CALL!

To get started, enter your email address and we will send you details on how to book your session!

NEW TO OPTIONS TRADING?

Unlock the World of Trading Options in just 4 Weeks, with our FREE Options Trading

for Beginners Mini Course.

FREE MINI COURSE

HOW TO SELL

OPTION PUTS

Maximize your profits by mastering the art of selling option puts with our free mini course!

FREE MINI COURSE!

How to Trade

Covered Calls

Learn how to make Weekly and Monthly Income by Trading Covered Calls, with our new mini-course!

FREE MINI COURSE!

OPTION TRADING GEEKS CHEATSHEET

Download my options greeks worksheet and I will also send you 6+ other freebies as well!

Enter your email below to get the secret link.

3 POWERFUL OPTION

VERTICAL STRATEGIES

Discover 3 super powerful vertical

strategies & how to set them up!

FREE VIDEO

THINKORSWIM

OPTIONS PLATFORM

Learn to see how I personally use the ThinkorSwim platform to trading options and what are some of the tips and tricks to using this platform efficiently!

VIDEO TRAINING

Top 15 Dividend Stocks for Retirement in 2023

Download our list of the best stocks for retirement. Simply enter your email address below to get the PDF!

HOW TO FIND

HOT STOCKS!

Get the free checklist to help you find

the best stocks to trade, quick & easy!

FREE CHECKLIST

4608

OPTION STRATEGIES

Enter your email address below and get access to our video strategy session on 25+ option strategies and how to set them up!

25