Technician
Long

Activision Eyeing a Potential Crab

NASDAQ:ATVI   ACTIVISION BLIZZARD INC
640 4 17
I am not a type of trader who anticipate a pattern before completion, I don't speculate on that, and i don't trade harmonics before they complete. But i saw some good harmonic sequences align here on chart.

There is a potential for a harmonic crab pattern completion at point D(Ideally it should complete at 1.618). But am looking for 1.271 move for now.

The price has broken out strongly above 22.00 resistance level (B) and the 200-days SMA . Then entered a period of consolidation above the 50-days SMA and that what makes me favor more upside. However, it's dependent on the price ability to take the resistance of the recent sideways consolidation range at 23.65, a breakout above the latter might confirm that scenario.

Good luck...
http://thefxchannel.com/ , visit.. vote and subscribe. Thank you
https://twitter.com/thefxchannel
My best regards
Technician
MEGA 70% DISCOUNT ON 3 AND 6 MONTHS PACKAGES . Get it before offer expires : https://thefxchannel.com
Totally agree. Thanks
Reply
Technician PRO TomProTrader
Thanks Tom. Love your ideas
Reply
Thanks. That's very kind.
just watched your webinar with Exante- Fantastic! I am soon doing a webinar with Exante also, and I really hope I'm able to contend with such experienced traders such as yourself.

Warmest regards,
Tom
Reply
Technician PRO TomProTrader
Appreciate that. Good luck to you.
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out