ACTIVISION - 3 knocks on the door of support level so far

Support gets weaker the more it's tested. Knock, knock, knock. Couldn't break overhead resistance, drooping under the 30MA.

Just looking at price action it looks like a possible change in trend is imminent as soon as we see a true lower low...

This needs a decisive election result as a catalyst otherwise I'm looking for a break of this range and a change in trend to the downside

Commento:

One thought... this chart tend to break support and then get fiendishly bought up, starting an uptrend... has happened a few times before.

Kind of a weird chart but that's something to look for - downside for a few weeks then new uptrend.

Commento:

As expected.

Commento:

Honestly this looks bad. Just hanging like a drunk on the support level with constant wicks downwards. Buyers must get exhausted at some point, and any attempt at a rally so very weak.

Commento:

Still looks ugly