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thisbemax

Solid earnings and RSI/Price Divergence. Big move coming?

Long
Activision Blizzard Inc (NASDAQ:ATVI)  
thisbemax  
NASDAQ:ATVI   Activision Blizzard Inc
Trend Analysis Chart Patterns Technical Indicators Technical Analysis Bollinger Bands (BB) Divergence LONG
3
0
trendanalysis chartpattern indicator technicalanalysis bollingerbands divergence long
Even after beating earnings by nearly 70% ATVI has moved down and created what I think is an excellent buy. On top of their solid earnings, the 6-month normalized RSI is sitting at oversold levels about to cross above 30. Their is also bullish RSI/price divergence creating an arguably more reliable signal (marked by the blue line).
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