September 25 Chart of the Day - Activision Blizzard
If you've been following our Chart of the Day posts and have benefited from one or more of them we ask that you consider participating our NEW Pay It Forward - Traders Helping Traders program.
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.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones,
- Change Control Zones
Take a look at the charts and let us know what you think.
We'd like to hear from you in the comments sections.
Have a chart you'd like to see featured?
Send requests at https://stockchartpros.com/community/contact
Would you like charts like this delivered directly to you every day? ChartPros Trade Room is offering an OPEN HOUSE 7-day free trial at this link.
