Hanging in There/Head and Shoulders
TTWO is at resistance, or very close.
There are two head and shoulder patterns above price and only recently has price saw a significant decline.
Sloping neckline at 2nd H&S top.
Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle pattern becomes a 3 outside up, which is a 3 candle pattern.
Unfortunately price is closing in on a Resistance level. If price breaks this resistance level, then there will be another level, and another, and another which can make a climb back to the top extremely difficult.
Short percent is 11.6% to 12.74% depending on where you look. Short is up 21% today possibly due to the level of resistance overhead.
This stock does not appear to be going down without a fight.
EPS (FWD)
4.84
PE (FWD)
25.52
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
12.74%
Market Cap
12.79B
No recommendation
There are two head and shoulder patterns above price and only recently has price saw a significant decline.
Sloping neckline at 2nd H&S top.
Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle pattern becomes a 3 outside up, which is a 3 candle pattern.
Unfortunately price is closing in on a Resistance level. If price breaks this resistance level, then there will be another level, and another, and another which can make a climb back to the top extremely difficult.
Short percent is 11.6% to 12.74% depending on where you look. Short is up 21% today possibly due to the level of resistance overhead.
This stock does not appear to be going down without a fight.
EPS (FWD)
4.84
PE (FWD)
25.52
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
12.74%
Market Cap
12.79B
No recommendation
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