Last impulses down have created Bullish Convergence. Not the best you want to see, but you are seeing accumulation with ATVI! You are currently above most of the important moving averages on the daily. A common retrace would be between $56.95 and $67.51 over time! That being said, on top of the bullish convergence and accumulation going on, you also happen to have a gap to fill exactly at the 50% retrace. Too many coinciding variables for a safe long entry here! :D
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.