Activision Blizzard $ATVI has been in a tremendous bearish correction since it reached $85 a share back in October 2018. Since then, price has fallen 50%, and tagged $39 per share this week. Back in December, we were anticipating the correction to this level.Activision Blizzard Inc (ATVI) Cracking Key Support with $40 in SightThis was a bearish anticipation as well as a level to consider for a buy order. This is exactly what panned out for me. In fact, I already started a position at $45, so now I have an average entry of $42.50. ATVI Weekly Chart(click to enlarge)Trade Detail:- I have an average entry at $42.50, a target of $56, $60, $64, and a stop at $33- This is essentially a 2:1 reward to risk trade. - This is also a trade that does not require ATVI to be bullish. It just looks for a rally within the context of consolidation.- The trade still respects the price top, which had a neckline at $64 (this is our most aggressive target). - I think the volume is showing ATVI capitulating, and the $40 could be a great spot for price to settle down before rebounding and entering into a more sideways market.