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theponzimaster

ACTIVISION - 3 knocks on the door of support level so far

Activision Blizzard Inc (NASDAQ:ATVI)  
theponzimaster Updated   
NASDAQ:ATVI   Activision Blizzard Inc
Trend Analysis
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trendanalysis
Support gets weaker the more it's tested. Knock, knock, knock. Couldn't break overhead resistance, drooping under the 30MA.

Just looking at price action it looks like a possible change in trend is imminent as soon as we see a true lower low...

This needs a decisive election result as a catalyst otherwise I'm looking for a break of this range and a change in trend to the downside
Comment:
One thought... this chart tend to break support and then get fiendishly bought up, starting an uptrend... has happened a few times before.

Kind of a weird chart but that's something to look for - downside for a few weeks then new uptrend.
Comment:
As expected.
Comment:
Honestly this looks bad. Just hanging like a drunk on the support level with constant wicks downwards. Buyers must get exhausted at some point, and any attempt at a rally so very weak.
Comment:
Still looks ugly
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