Activision Blizzard $ATVI#ActivisionBlizzard just broke out the resistance with volume just above average. RSI is still week and strong resistance ahead where may stall and pull back.
Activisionblizzard
Comparison of Rising WedgesTwo rising wedges ATVI and AMZN
ATVI has already undergone a breakdown phase good for a short due to it being at a critical Fibonacci resistance, looking to recover on a long term uptrend
AMZN is quite extended and should pullback
Long ATVI, new games releasesATVI can easily see 65, 70 and 73.45 USD based on both fundamental and technical analysis. Price rises in rising channel and breaks resistance lines. Reward to risk ratio is more than 2.5. New games introduced by ATVI specially Call of Duty modern warfare and Call of Duty mobile shows signs of growth again and Warcraft III: Reforged and World of Warcraft: Shadowlands could rise predicted EPS for next quarters.
ATVI Bull flag!Activision has formed a rounded bottom, which I first thought may lead to a cup and handle. However it looks as if this is turning into a long term continuation of the bull trend. A clear island bottom can be observed (gap), also a recently formed bull flag. Also included a bull flag pattern for anyone interested.
ATVI Cup and handleActivision early cup and handle formation, clear cup has formed. Both situations are bullish and lead to long term continuation of the uptrend established. Great long after handle has formed.
ATVI, Activision Blizzard Inc. - Breakout on Ascending TriangleNASDAQ:ATVI
Breakout on an ascending triangle of continuation. Activision Blizzard is a leading gaming company that grew 600% from early 2013 to September 2018, and then, due to too many expectations about unearned profits, there was a price decline of 50% in a time frame of only three months. An interesting opportunity to come back and ride a possible new trend.
finance.yahoo.com
ATVI Bottoming DevelopmentATVI has been in a long-term rounding bottom formation. The first attempt to complete the bottom failed, but another attempt is underway. Normally, it takes 3–5 attempts to complete a bottom of this duration.
