Category Archives: Weekly Charts

Activision – Before Earnings -The Charts On Multiple Time Frames

Activision Blizzard (ATVI) shares have collapsed since the October 2018 high. They retraced more than half of their incredible rally off the 2015 low. The weekly chart shows Activision’s heroic rise and its sudden reversal. The company is reporting earnings after the close today and may announce plans to layoff workers because of slowing sales.… Read More »

Market Outlook: What Was Once Solid Support Is Now Formidable Resistance

In December the major market indices dropped sharply and broke below areas of former support on their weekly charts. These zones had provided strong support in February and April last year, and later in November. As we know when a support level fails and price breaks down, the support level reverses roles and becomes resistance.… Read More »