Long

ATVI - Does history repeat itself?

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

Mishka1

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