Short-mid term forecast
Looking for a push up towards 77.20 within the next couple months.
FA: The Covid crises have impacted most industries for the worst, however the gaming industry
in particular has been travelling well. The increased demand in gaming, release of popular new
games and the much anticipated arrival of new generation consoles kept consumer demand
trending in a bullish direction.
TA: As bullish as the FA is, entering the long trade still may require some patience. Currently looking for
a bullish close above 68.30 on the daily (or 67.80 if entering on the 4H) and then watch closely for a potential re-test of local support.
approx 12 days ago ATVI saw a strong break above a swing high resistance line of 64.40, posture remains
in tact. Conservative mindset, anticipating another re-test of support closer towards 64.80. A more opportunistic
mindset may look for an entry within the more immediate term.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.
Looking for a push up towards 77.20 within the next couple months.
FA: The Covid crises have impacted most industries for the worst, however the gaming industry
in particular has been travelling well. The increased demand in gaming, release of popular new
games and the much anticipated arrival of new generation consoles kept consumer demand
trending in a bullish direction.
TA: As bullish as the FA is, entering the long trade still may require some patience. Currently looking for
a bullish close above 68.30 on the daily (or 67.80 if entering on the 4H) and then watch closely for a potential re-test of local support.
approx 12 days ago ATVI saw a strong break above a swing high resistance line of 64.40, posture remains
in tact. Conservative mindset, anticipating another re-test of support closer towards 64.80. A more opportunistic
mindset may look for an entry within the more immediate term.
Always DYOR & keep risk managed :)
*Disclaimer: The above analysis is an expressed opinion only and should not
be confused as professional financial, investment, trading or legal advice.