$ATVI at support
Activision weekly candle looks like a bullish hammer indicating a reversal in the coming weeks to the upside. The intermediate trend is still up (dashed line) and the option flow was on the bullish side (2.7M in premiums last week vs 530K on the put side). RSI indicating oversold.
I like the OCT or NOV 85 call as an idea to trade the reversal, or 65P if you're bearish and trade the break below volume pocket.
I like the OCT or NOV 85 call as an idea to trade the reversal, or 65P if you're bearish and trade the break below volume pocket.
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.