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Activision Blizzard Inc
Long

ATVI - Does history repeat itself?

266
Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time.

*Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019,

*Momentum divergence on RSI and cross over on MACD,

*Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this time?

*Potential 2 equal legs to be completed when price tests the 0.786 FIB retracement.

Potential trades:
  • Sell puts, preferably under $49 as it is the double bottom neckline (created March-April 2019) that might be tested.

  • Buy calls - wait for Price action to confirm

  • Buy CFD's or stock - wait for price action to confirm
Mishka1
Also on:
activisionactivision_blizzardactivisionblizzardATVIChart PatternsTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
activisionactivision_blizzardactivisionblizzardATVIChart PatternsTechnical IndicatorsTrend Analysis
Mishka1
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.