Recently, I claimed that Activision Blizzard $ATVI will break the current higher at $81.80. However, as price came up to this level last week it stalled, and fell sharply during the 9/17 Monday session. ATVI Daily Chart(click to enlarge)Short-term Correction?- The inability to push above $81.80 is a cue to the market that ATVI is likely going to be in consolidation. - Within this context, there is downside risk towards $75. - Now if price holds above $75, the bullish outlook remains intact as price would still be above the 200-, 100-, and 50-day simple moving averages (SMA). - A break below $75 does not necessarily mean the end of the currently choppy uptrend, but I would lose some confidence of a break above $81.80 this year.