After trading sideways for the past several weeks, Activision Blizzard stock has risen since the end of last week, reaching resistance at $94.30. In our primary scenario, the next step is to break above this level, which should provide further upward pressure. Note, however, that with our downside alternative at 36%, it is still possible that the price will see another sell-off. This scenario would come into play when the price breaks below support at $86.81. It would then have to push the low of the turquoise wave alt.X down a bit more before it would move higher