ATVI- Rangebound Cup Handle Break Up
Activision shares have been consolidating in range bound area since February, undergoing a larger, Wave 2 correction. I am seeing a cup and handle formation leading ATVI back to it a immediate 100 day MA retracement, followed by a continued move higher. Wave 3 started at $90.13 and is looking to retrace to $110 by end of August. A high conviction idea I have been patiently waiting on...ATVI Bull spread November 2021, January 2023 $105 Calls
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