Based on my analysis:
1. ATVI formed a cup & stick chart (May 26-29).
2. Breakout neckline of 71.70 USD with the volume above average.
3. It is expected that the price will make correction to 0.5 fibo & supported by a slow stochastic indicator indicating the price will decline.
4. Traders are advised to take profit at (1) 74.60 USD or (2) 76-77 USD.
Syeikh Hafiz
Stock Market Analyst
1. ATVI formed a cup & stick chart (May 26-29).
2. Breakout neckline of 71.70 USD with the volume above average.
3. It is expected that the price will make correction to 0.5 fibo & supported by a slow stochastic indicator indicating the price will decline.
4. Traders are advised to take profit at (1) 74.60 USD or (2) 76-77 USD.
Syeikh Hafiz
Stock Market Analyst
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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.
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.