Activision Getting Battered - It Could Get Worse

Activision, especially subsidiary Blizzard make great games, so my son tells me. But their financials certainly are not to be played with.

Short-term Trend - Down
Medium-term Trend - Down
Long-Term Trend - Up

Price way below the Ichimoku Cloud
Stock Market Crash Detector Indicator - RED

If you are still holding onto ATVI it may be a year or two before you recoup the loss. You can, of course, invest more to dollar average the loss.

For those looking to get in, the risk reward is a potential drop of another 20% versus and upside of 60% to 80% over the next year to 18 months.

Let's be clear, ATVI has not formed a bottom so buying now as a medium-term investment is catching a falling knife.

Early signs are that their latest call of duty is a smash hit, but Christmas is around the corner we shall see.

So enough of the games, it may be just a little too early to play with Activision.

Stay safe