ATVI: Long (Head & shoulders + support)
Activision Blizzard is once again at the channel resistance. Additionally, there is an inverted head and shoulders.
We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75).
According to the indicators, we have a bullish background.
I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round number and 3% below the previous local minimum.
Take Profit was set at $ 97.7 (+ 23.85%) below the horizontal resistance and below the circular number (100).
The entry into the position will be increased by the pyramiding method.
We can expect a retest of the Neck line at the point of its intersection with the support line (about $ 75).
According to the indicators, we have a bullish background.
I put the stop loss level at $ 69.8 (-11.5%) - slightly below the round number and 3% below the previous local minimum.
Take Profit was set at $ 97.7 (+ 23.85%) below the horizontal resistance and below the circular number (100).
The entry into the position will be increased by the pyramiding method.
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