My theory is Demand Zone holds as support and we continue uptrend to 77.37. The lower time time frame confluence is showing the Demand Zone as a strong support. The pullback to 0.618 Fibonacci is expected before we continue upward trend. Options Trade: 5/22 78c (Wait for pullback to our level before entry)
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Will Activision's upcoming earnings be as active as their player count since COVID? Or, are we missing some potential Pitfalls? Let's take a look and see if we can't predict ATVI's Destiny. --- 1. Range MA is showing an uptrend (Green bar color) for ATVI on the 4 hour chart. 2....
Fractal indicating a smash through the 1.618 resistance of the Fibonacci circle for Activision
Two rising wedges ATVI and AMZN ATVI has already undergone a breakdown phase good for a short due to it being at a critical Fibonacci resistance, looking to recover on a long term uptrend AMZN is quite extended and should pullback
$ATVI at confluence zone between R/S flip, uptrend line and EMA 200. Daily chart.
With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure. One idea, I am looking at is NASDAQ:ATVI $ATVI After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and...
8ish fresh demand level still holding - retrace to low 58 could be a good scalp entry. For longer term, look for further retrace to 56ish
Activision has formed a rounded bottom, which I first thought may lead to a cup and handle. However it looks as if this is turning into a long term continuation of the bull trend. A clear island bottom can be observed (gap), also a recently formed bull flag. Also included a bull flag pattern for anyone interested.
Activision early cup and handle formation, clear cup has formed. Both situations are bullish and lead to long term continuation of the uptrend established. Great long after handle has formed.
As you can see RSI and resistance level intact for short
just broke out of accumulation, .618 fib retrace, and flipped 200DEMA as support, looks good to retest ATH
ATVI is reclaiming its 200W average and look poised for growth. See next chart for interesting historic perspective.
Zynga currently offers a very bullish set-up Multi-year break out followed by weeks of consolidation
ATVI is building an intermediate-term bottom that is a solid base from which the stock can eventually move up as its fundamentals improve. This is a pattern all Retail Traders should notice, especially Position Traders and Intermediate-Term Traders.
NASDAQ:ATVI Earnings seemed to provide a good entry point for this bullish setup. Above $50 there is a big gap that should be filled soon IMO. This would be one that i would keep an eye on and enter possible buys/calls after a daily close above that $50-51 level.