ATVI has been on the rise since the beginning of the year. The 200 day EMA and the support line from the weekly are basically mimicking each other.
I drew in a bunch of skinny black lines which allow me to determine when the sharp downtrend gets reversed. This doesn't mean a huge breakout will follow but in ATVI's case I would say a 2-3% rise with the...
Since breaking its consolidation zone ($10.00 to $12.50) that it had been bouncing between for the last 3 years, it blew past the previous spike high at $14.00. It is presently consolidating in a wide pattern I like to call a "megaphone." The base of which is located at the $14.00 level right around the 100 day moving average. I'm looking for a re-test of the...
