Stocks are recovering together after the recent dump. However, some took a bigger hit than others and the recovery looks tentative. Activision $ATVI on the other hand, remained bullish even after the recent correction. ATVI Daily Chart(click to enlarge)Bullish Breakout:- At the start of the year, we saw a bullish continuation breakout in ATVI.- Price pulled back from $75, along with the rest of the market.- However, after the pullback, the market respected the previous consolidation area as support.- Price held above the 200-day simple moving average (SMA). Even though it cracked the 100-day and 50-day, we can see that the market essentially held above those SMAs as well.- Finally, the RSI held above 40. Having already pushed to 70, holding above 40 now is a sign that the prevailing bullish momentum (from the bullish breakout), is still in play. - We should expect new all-time-highs in ATVI when the overall market is back in bullish mode. - If the general market is still in correction mode, we might want to limit the bullish outlook in the short-term as well. BUT, we should have more confidence that the downside will be limited in ATVI.