Bullish bounce Activision Blizzard There are several factors that lead me to thing ATVI will have a very strong bounce in the near few. One of which is the MACD. On 1D it is getting back to the cross point. This could mean that it would go lower right. Well on the 240 it is well below the cross. Signaling a sign of probability over sold also judging by previous supply and demand zone. It may want to rise back up to that cross on the 4 hour. Making that 1D MACD bounce very likely.
Also speaking of 1D and 240 candle the RSI looks to be getting very low. With the 1 hour and 4 hour look to be getting back up on the RSI. The daily could see a reversal due to the strong reduced angle it has been since the 15th.
Another factor I believe this to be at or near a bounce into the bullish direction is the BOLL. I been seeing the BOLL has strong support and resistance. It is at that low BOLL line on the 1D usually point in the direction of getting back to center or testing the upper line.
