Respect The Trend
Updated
Activision rebounded off the trendline and roughly the 200 day MA. This is as good of a signal you can get to go long in this game. Risk to Reward is very decent considering we could make it back up to ATH's. That's a 14% gain compared to a 3% loss if we fall through the trend.
EA is in a similar position which I charted. However, the rebound is looking stronger for Activision at this current time.
*** This is purely educational and not financial advice.
EA is in a similar position which I charted. However, the rebound is looking stronger for Activision at this current time.
*** This is purely educational and not financial advice.
Note
Great day and end of week for Activision, I expect continuation. Personally I havn't entered a trade as I have a few other positions in stocks that I'm content with. But there's good potential for some bullish gains here.Note
Watch this one closely as the trend may get retested. Still very possible that we are gonna make a higher low.Note
Lower high made, now we see if we make a higher high.Note
Congrats to those who traded this, looking good right now!
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