ATVI Long Position
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 2008 highs at $18.00 in the coming months, and I'd take a long position at current levels ~$14.50, with a stop on a daily close below $13.75 for a risk/reward ratio of approximately 4:1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.