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FriscoTrades
Sep 27, 2021 2:34 AM

$ATVI at support 

Activision Blizzard IncNASDAQ

Description

Activision weekly candle looks like a bullish hammer indicating a reversal in the coming weeks to the upside. The intermediate trend is still up (dashed line) and the option flow was on the bullish side (2.7M in premiums last week vs 530K on the put side). RSI indicating oversold.

I like the OCT or NOV 85 call as an idea to trade the reversal, or 65P if you're bearish and trade the break below volume pocket.
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