ATVI Stock Technical Analysis

ATVI is fundamentally set up for a HUGE fourth quarter. And the charts agree.
I would be in ATVI at ANY price below $60 as I believe $70 a share is a conservative target (13%).

I will try and snipe an entry at the BOTTOM of this current range to maximize gains... my limit order is set!

Comment:

Today we hit a low of 56.22, right on the resistance level we wanted. If you really want to see this strong level visually, check out the 4HR chart of even the 1HR. You can see how strong it held up.

TIME FOR GAINS!

Comment:

So we got exactly as I expected.
I managed to purchase at the bottom of the range, and I am up 6% on ATVI

CONGRATS to anyone who happened to see the idea and also get in. We are at the top of the range, for those short term big money traders, this is a good time to lock in a 6% ROI if you are in need of money.

I will be staying in until AT LEAST the 4th Financial Quarter, as I believe 70$ a share for ATVI is easily doable. Do not panic if we now head back to the bottom of the range though

Comment:

FROM NOW:

We are testing the top of the range.

(1) If we keep bouncing off the top of the range, a bullish move on 4hr or 1hr will confirm a range break and we will be on our way up (I will post an updated idea if that happens)

(2) OR two, we are headed to the bottom of the range (56ish).

Trade closed: target reached:

WE got our target. I can update a new ATVI chart later on if there are requests for it. IF YOU WOULDVE TRADED MY SETUP: You would've returned about 10%-12%. CONGRATS to those who did