Technician
Long

Activision Eyeing a Potential Crab

NASDAQ:ATVI   ACTIVISION BLIZZARD INC
638 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...
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Technician

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Totally agree. Thanks
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Technician TOP Tom_Killick
Thanks Tom. Love your ideas
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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 TOP Tom_Killick
Appreciate that. Good luck to you.
+1 Reply
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