Bullish or bearish triangle? Watch at the volume!
Dear investor, welcome to another Activision analysis.
After a nice rise in Activision, the question now is whether this rise is a false uptrend or a real uptrend reversal?
That will depend on the company's news, but analytically, we can expect an upside in the next two to three weeks.
A kind of bullish triangle is formed but if we look at the volumes, I find that the volumes are not enough to have a second rise, I keep in my sight, its volume, because if there were to be large volumes in the next few days then we can without hesitation expect a breakthrough of the triangle from above.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
After a nice rise in Activision, the question now is whether this rise is a false uptrend or a real uptrend reversal?
That will depend on the company's news, but analytically, we can expect an upside in the next two to three weeks.
A kind of bullish triangle is formed but if we look at the volumes, I find that the volumes are not enough to have a second rise, I keep in my sight, its volume, because if there were to be large volumes in the next few days then we can without hesitation expect a breakthrough of the triangle from above.
But feel free to do your own research, this is just an analysis, this scenario may not come true.
This is not an investment advice.
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