Gap of Activision Blizzard Stock

The exhaustion gap of Activision Blizzard stock

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 Some gaps come out when the price of stock is rising rapidly for a while, if the gap is filled in a short time, and the volume increase by a great amount, then the we call this gap as a “Exhaustion gap”.

  Exhaustion gap usually imply that the end of prior trend, the trend reverse after the gap are filled, and the volume will rise to a peak, this high volume will not remain or even keep rising constantly.

  For the Activision Blizzard’s stock chart, we can see that in the end of November in 2017 and February in 2018 was an exhaustion gap with the volume increased to a great amount, and before these two gaps, their prior trend was rising for a period, so we identify these two gaps as exhaustion gaps.

The continuous pattern of Activision Blizzard stock-

                                      Measured move- bullish

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  In the current trend of Activision Blizzard’s stock chart, from December 2017 to March 2018, the stock chart fluctuates with a continuous pattern – measured move for bullish, in December, 2017, there is the first advance, price rise to the resistance line in a short time, and the trend started a reversal advance, price went down because of consolidation, correction or other reasons, and not for a long time, stock price are went up again and even broke the initial resistance line ,reach to a highest point ever, the following days, this situation repeat two times in the first two month in 2018, and the resistance line and support line are going higher and higher, it not difficult for us to know that this stock is in a good trend now even in the future.