Activision Blizzard $ATVI has been consolidating since March when it retreated from around $79.50. But after continuing to anchor above a common support around $64, and holding mostly above the 200-day simple moving average (SMA), ATVI has rallied back to the previous high. ATVI Daily Chart(click to enlarge)Bullish Market with Bullish Price Action:- Even though we had a strong pullback in March, the overall trend is still bullish as price remains above the 200-day simple moving average. - Even the RSI held above 40 for the most part, which reflects maintenance of the prevailing bullish momentum. - Finally, the 7/11 session is closing just under the 79.50 resistance with a bullish engulfing candle. - This bullish candle suggests price is anchoring above $75 and is likely going to push through $79.50 and even $80.00 into new all-time highs.