Activision - Possible Breakout

27 Apr 2020

For the past week and a half, ATVI has successfully consolidated in the highlighted zone. With the Call of Duty Mobile World Championship kicking off on April 30th presented by SNE and lasting until May 24th, the price may breakout upwards on investor confidence of the revenue generated by the broadcasting of the Championship this upcoming week. Also with the stay at home order in place for the time being people are playing more video games than ever and will continue to do so in the foreseeable future as technology continues to advance and the coming releases of the PS5 (SNE), and the Xbox Series X (MSFT) on the horizon.