It appears that Activision is about to do a TK Recross (above cloud) on the weekly chart.
TK Recrosses are some of the most bullish signals I know, and some backtesting seems to show that it has been a successful signal for entering longs.
In my opinion, we could be about to see another TK Recross. What I find peculiar about this one is that it looks quite similar to the one which happened in January 2017 and led to a 45% increase in price.
"Whatcha think?"
Note: I'm quite new to trading, but I want to mention that I owe most of what I know about trading the Ichimoku cloud to @Iamsatoshi. If you agree with my views or want to know more about cloud trading you should definitely check his channel.
TK Recrosses are some of the most bullish signals I know, and some backtesting seems to show that it has been a successful signal for entering longs.
In my opinion, we could be about to see another TK Recross. What I find peculiar about this one is that it looks quite similar to the one which happened in January 2017 and led to a 45% increase in price.
"Whatcha think?"
Note: I'm quite new to trading, but I want to mention that I owe most of what I know about trading the Ichimoku cloud to @Iamsatoshi. If you agree with my views or want to know more about cloud trading you should definitely check his channel.