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ATVI Trade Setup

I would have to say this is one of the most attractive trade setups right now. ATVI (Activision Blizzard, Inc) will trigger a short entry on a break below 43.79 (support on the 60-minute time frame). The sole price target is 39.80 with additional targets likely to be added, depending on how the charts of ATVI & the broad markets develop going forward. The suggested stop will be any move above 45.20 with a suggested beta-adjustment to the position size of 1.0.

While T1 (39.80) is the sole official price target at this time, the support levels (S1-S3) on the 120-minute period chart below could provide the opportunity to book quick partial or full profits or even micro-manage the trade around those levels in which the odds for a reaction are good, that is assuming the intraday charts confirm if/when prices get there. The next estimated earnings reporting date on ATVI is November 7th.

ATVI 120-minute Oct 6th

ATVI 120-minute Oct 6th

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Oct 6, 2016 6:21pm|Categories: Completed Trades - Short|Tags: |2 Comments

2 Comments

  1. stock51 October 6, 2016 8:12 pm at 8:12 pm

    thank you

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  2. joefriday October 7, 2016 7:24 am at 7:24 am

    Looking sweet Randy!

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