Silvestrov

Activision - New lows ahead?

Short
NASDAQ:ATVI   Activision Blizzard Inc
With equities being enormously stretched to the upside in recent months, it is wise idea start preparing for some short exposure.

One idea, I am looking at is ATVI $ATVI

After halving in later 2018, during 2019 it is building what looks like a major bear flag. Wave structure, with price near 0.618 level, also suggest that the top might be near and reversal may start relatively soon (probably though we will get gap fill at first).

For entry some support trendlines also need to break first, and I will be watching for this development.

P.S. EA chart is somewhat similiar $EA

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