There are some subtle signs that Activision Blizzard $ATVI is gearing for a bullish breakout. First of all, price is cracking a triangle resistance.ATVI Daily Chart(click to enlarge)Bullish Sign:- The market was bearish heading into the current consolidation pattern.- This triangle consolidation has been forming since December 2018. - Recently, we saw that price held above $45 and thus avoiding another trip to the triangle support.- Instead, price bounced up to the triangle resistance.- This "failed" bearish attempt suggests bulls could be gearing up for a bullish breakout.- Note that if price clears above $49 it would clear a previous resistance pivot (from May), as well as the 200-day simple moving average (SMA). - These would be strong bullish signs if also accompanied by strong volume (not seen yet), as well as the RSI pushing above 70. - In the bullish breakout scenario, we can anticipate a rally towards $52-$53 and then the $56-$56.50 area(previous support that might turn into resistance).- I believe that ATVI has established a key support at $40, and is now in accumulation mode, which will eventually give way to a bullish breakout. It might take some time before returning to the $84 high from 2018, but I think a more intermediate outlook towards $60 is possible. - Perhaps, price will get sticky or choppy around $60. - Then, if price starts anchoring above $50, we can gain more confidence for the bullish scenario to $64/$68 (previous support pivots), and eventually the $80-$84 highs form 2018. I hold a small position in ATVI, which I entered around $45. I don't mind adding more around $47.50, seeing that price is now percolating.ATVI Weekly Chart(click to enlarge)