Activision Blizzard - Short & Long Term Outlook
Has bounced through different fib levels perfectly.
Has performed really well in this ugly COVID-rekt market.
Bearish divergence possibly forming with a new micro high which would be at the .618 fib level, look to dump there first.
BUT, from an overall long-term perspective it looks very healthy and bullish and would love to see how it performs especially when markets begin to recover as a whole.
Will continue to keep an eye on this stock in the next few weeks.
Cheers.
Has performed really well in this ugly COVID-rekt market.
Bearish divergence possibly forming with a new micro high which would be at the .618 fib level, look to dump there first.
BUT, from an overall long-term perspective it looks very healthy and bullish and would love to see how it performs especially when markets begin to recover as a whole.
Will continue to keep an eye on this stock in the next few weeks.
Cheers.
Im selling most of my bags here and going to wait for the retracement as weekly indicators cool off then I would look for re-entry. I just don't see the market conditions to be ideal for ATVI to surpass previous highs.
Could we get up to the .786 fib level? Sure. In that case I will sell even more, but this current indecision candle and bearish divergences formed only tell me that ATVI is losing momentum and showing weakness in the trend.
Will continue to keep an eye on ATVI and update in the next few. Cheers!