ATVI - Does history repeat itself?

7 dic 2021

Long-term diagonal trend line Support is about to get tested for the 10th time, bounced every time.

*Price approaching a FIB confluence level of 0.786 (a retracement of the last leg up) that started FEB 2019,

*Momentum divergence on RSI and cross over on MACD,

*Ichimoku cloud on the monthly chart shows price bounce from the cloud, will it repeat this time?

*Potential 2 equal legs to be completed when price tests the 0.786 FIB retracement.

Potential trades:

• Sell puts, preferably under $49 as it is the double bottom neckline (created March-April 2019) that might be tested.
  
  
• Buy calls - wait for Price action to confirm
  
  
• Buy CFD's or stock - wait for price action to confirm