Activision Blizzard Inc

ATVI - Does history repeat itself?

271
Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time.

*Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019,

*Momentum divergence on RSI and cross over on MACD,

*Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this time?

*Potential 2 equal legs to be completed when price tests the 0.786 FIB retracement.

Potential trades:
  • Sell puts, preferably under $49 as it is the double bottom neckline (created March-April 2019) that might be tested.

  • Buy calls - wait for Price action to confirm

  • Buy CFD's or stock - wait for price action to confirm

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.