ATVI - New ATH but within a wedge
Activision Blizzard on 6th May had both
- Earning surprise : 0.03 0.13 +333% (!)
- Sales surprise: 656.71 703.00 +7.05%
All good to break previous ATH.
We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25.
Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called "hearthstone" which is about to be the most played game ever in the world and giving a lot of revenues.
The concern here is that we are in a Wolfe Wave Pattern, so a dip could happen into 23ish. (orange target line)
- Earning surprise : 0.03 0.13 +333% (!)
- Sales surprise: 656.71 703.00 +7.05%
All good to break previous ATH.
We had a sane pullback the following session at 24.18 level and then the weekly close finished over 25.
Def. a stock to watch for and fundamentally, because they released a year old Free2Play game called "hearthstone" which is about to be the most played game ever in the world and giving a lot of revenues.
The concern here is that we are in a Wolfe Wave Pattern, so a dip could happen into 23ish. (orange target line)
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