Below is Activision Blizzard stock forecast for 2020. Activision Blizzard stock #ATVI has created a very strong imbalance around $59 per share. The stock might continue to rally and break all-time-high again. This is a long-term analysis for this stock and could be used for short-term stock trading and intraday stock trading.
It might take some time for Activision Blizzard stock to drop that much and it might not do it at all. If you are using smaller timeframes to trade this stock, you might be able to find new buy opportunities as Activision Blizzard stock will try to continue to break all-time highs around $87 per share.
Activision stock (ticker: ATVI) has thrived in the year 2020, as consumers shifted spending from leisure and travel to indoor and online activities such as video games. Remember that the video game industry is bigger than the music and cinema industries together. The stock has run up 37% year to date and that’s a lot. There is a very positive outlook for the gaming industry and the same applies to recreational and gaming stocks like Activision Blizzard and Electronic Arts. Below is Activision Blizzard stock forecast for 2020.
Watch Activision Blizzard video analysis using the monthly timeframe.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just Activision Blizzard stock supply and demand imbalances.
Trading supply and demand imbalances are ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
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