Activision Blizzard hurt by piercing upward correctional trend line - Analysis - 07-09-2022

Activision Blizzard's stock (ATVI) kept falling in the intraday levels, while hurt by piercing the upward correctional short-term trend line, with negative pressure from the 50-day SMA, while the RSI reached oversold levels. 

Therefore we expect more losses for the stock, targeting the support of 73.71, provided the resistance of 81.25 holds on.

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Expected trend for today: Bearish