LimitlessNautilus

ACTIVISION BLIZZARD, INC ATVINASDAQ Weekly Technical Analysis

NASDAQ:ATVI   Activision Blizzard, Inc
Midterm forecast:
While the price is above the support of 89,10 , a resumption of an uptrend is expected.
We make sure when the resistance at 99,12 breaks.
If the support at 89,10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
We will close our open trades if the Midterm level 89,10 is broken.

Technical analysis:
A trough is formed in the daily chart at 89,10 on 03/08/2021, so more gains to resistance(s) 99,12, and maximum to Major Resistance (108,96) is expected.

+ Trigger:
Trigger1= 99,15
+ Take Profits:
TP1=108,96
TP2=116
+ Stop:
Stop1=89,10
Stop2=99,12 (when activated and pass trigger)


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