I’m going to post some charts of “my book” over the next few days. I may post things from my watch list, and I will try to post updates on these as needed.

First up is Activision Blizzard (ATVI), which I bought last year basically so I could own a piece of Blizzard.

Blizzard is the Pixar of videogames. Everything is a hit. I also think they are pretty smart about how to expand the business of videogames… by encouraging Star Craft as an esport and other things.

So, here is a six month chart showing how resistance at $12.50 looks to be holding up as a new support level.

ATVI has been in a channel between $10-$13 for a while. On the 3 year chart here we see that $12.50 level again, and I try to draw a range around the more recent upward move.

If you go further back, there is some resistance at $13, after that it’s pretty smooth sailing up to the all time highs and hopefully higher. ATVI has earnings coming out later this month. Pre-sales for the Diablo III release coming in May, including customers who were encouraged to switch their monthly World of Warcraft memberships to annual memberships, could bump the quarterly numbers enough to push the stock over that $13 level.

With new consoles coming out at the end of the year, we are entering the boom part of the videogame cycle. This stock should do well.