$ATVI - Activision - Another potential short Short

Activision Blizzard IncNASDAQ

Description

⋅ Aug 30, 2018 8:28 PM

After my analysis of TTWO I checked out other stocks in this sector.

ATVI is looking like another potential short. Outside day from the top Bollinger band. Price is also in a downtrend with rejection also from the Fib .500

Entry on break of todays low

SL at 76
TP1 at 71
TP2 68

Comment

⋅ Sep 5, 2018 6:30 PM

TP1 hit

Trade closed manually

⋅ Sep 10, 2018 7:04 PM

Break even hit at entry.

TP1 closed for profit.