September 25 Chart of the Day - Activision Blizzard
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Gaming giant Activision Blizzard, Inc. (ATVI) has been one of Warren Buffet's top 30 holdings for quite some time. You may know some of the company's brand's such as Call of Duty, Candy Crush, and World of Warcraft to name just a few.
The company's stock price has been making a series of higher highs and higher lows for over a decade. Seemingly, that's why investors have loved this stock.
But can that trend continue? Maybe...
On the monthly chart the trend is clearly visible and investors are hoping for it to continue.
But down on the weekly chart price is rapidly approaching a "decision." And quite simply, that decision is can price continue higher and work its way through some price action technical analysis resistance... or is it time for price to take a breather and progress through a normal retracement.
Regardless of what the decision is, we've identified levels of interest in both directions for traders and investors to consider.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
Take a look at the charts and let us know what you think.
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