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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