Activision - New lows ahead?
With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure.
One idea, I am looking at is
ATVI ATVI
After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and reversal may start relatively soon (probably though we will get gap fill at first).
For entry some support trendlines also need to break first, and I will be watching for this development.
P.S.
EA chart is somewhat similiar EA
One idea, I am looking at is
ATVI ATVIAfter halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and reversal may start relatively soon (probably though we will get gap fill at first).
For entry some support trendlines also need to break first, and I will be watching for this development.
P.S.
EA chart is somewhat similiar EA
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.