Comments on: ATVI Trade Entry & Setup https://rightsideofthechart.com/atvi-trade-entry-setup/ Stock Trading, Investing & Market Analysis Wed, 23 Nov 2016 00:32:00 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Teeps01 https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2803 Thu, 03 Nov 2016 19:46:57 +0000 http://rightsideofthechart.com/?p=173547#comment-2803 Thanks for the clarification. Was wondering if it was a target backtest of the wedge or something.

Seems to be rallying a little today

]]> By: rsotc https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2802 Thu, 03 Nov 2016 19:43:47 +0000 http://rightsideofthechart.com/?p=173547#comment-2802 In reply to Teeps01.

Correct, the maximum suggested stop for the ATVI short trade is 47.80. That was calculated using a 3:1 R/R to the final target of 28.26 & as stated in the notes on the trade, a lower stop should be considered for those only targeting T1 – T3 (ideally using a R/R of 3:1 or better).

]]> By: Teeps01 https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2801 Thu, 03 Nov 2016 19:18:42 +0000 http://rightsideofthechart.com/?p=173547#comment-2801 Randy

Is the stop really 47.80? Seems somewhat above the recent highs & wondered what the stop was based on if not a typo

Thanks

]]> By: retireat60 https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2784 Tue, 01 Nov 2016 23:24:17 +0000 http://rightsideofthechart.com/?p=173547#comment-2784 gap & crap, you should coin that phrase

]]> By: rsotc https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2783 Tue, 01 Nov 2016 19:04:26 +0000 http://rightsideofthechart.com/?p=173547#comment-2783 Thx for the heads up on ATVI earnings. There should be plenty of room on the stops this time around to absorb any typical gap up should the initial reaction of ATVI earnings or guidance be favorable. Daily & weekly charts are clearly bearish so any pop that doesn’t take out the stop, especially a backtest of the wedge, could provide for an objective entry or add-on.

Earnings-induced gaps can always go either way regardless of any bearish or bullish technicals on the stock leading up to the report but based on my read of both the broad market, ATVI & some other things, I would put the odds squarely in favor of either a gap down on Friday (they report after the close on Thursday) or a gap & crap (i.e.- gap up that quickly gets faded & then some).

]]> By: retireat60 https://rightsideofthechart.com/atvi-trade-entry-setup/#comment-2782 Tue, 01 Nov 2016 18:49:16 +0000 http://rightsideofthechart.com/?p=173547#comment-2782 hey randy, ER for ATVI is on thursday, 11-3….just fyi.

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