Dr_Chester

ATVI: Long (Head & shoulders + support)

Long
NASDAQ:ATVI   Activision Blizzard, Inc
Activision Blizzard is once again at the channel resistance. Additionally, there is an inverted head and shoulders .
We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75).
According to the indicators, we have a bullish background.

I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round number and 3% below the previous local minimum.
Take Profit was set at $ 97.7 (+ 23.85%) below the horizontal resistance and below the circular number (100).
The entry into the position will be increased by the pyramiding method.