24/3/2022 NASDAQ (TTWO)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $149.12
Target Price: $146.44
Stop Loss: $154.48
TTWO trade ideas
A Top for Take-Two?Take-Two Interactive has rebounded after a sharp drop. Now the sellers may return.
TTWO halted its bounce around $164. That zone offered support in March and May, and resistance in August, then support again in December. Given its relevance in the last year, could it mark a top for the latest move?
Second, the 50-day simple moving average (SMA) just slipped below the 200-day SMA: a “death cross.”
Third, TTWO hasn’t made a new 52-week high in almost a year. That suggests it’s been losing traction with investors for longer than most big Nasdaq-100 stocks.
Finally, notice how TTWO is struggling to stay above its 21-day exponential moving average (EMA). Some traders may view that as a bearish indicator for the short-term trend.
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Take Two to Move Higher? Take-Two Interactive - Short Term - We look to Buy a break of 174.44 (stop at 168.88)
Daily signals are bullish. A bullish reverse Head and Shoulders has formed. Buying continued from the 61.8% pullback level of 164.18. The trend of higher lows is located at 163.50. The bias is still for higher levels and we look for any dips to be limited. A move through 174.00 will confirm the bullish momentum.
Our profit targets will be 187.22 and 193.96
Resistance: 178.13 / 195.00 / 200.00
Support: 171.00 / 164.00 / 150.00
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TTWO Juicy Entry [LONG]TTWO slipping further into that great value DCA zone in my opinion.
Trading around key support on longer and shorter timeframes. Indicators showing the stock to be very oversold with money flow at lows not seen in years.
Looking at the historical data and cyclic nature of TTWO looks like a great risk to reward entry.
** NOT INVESTMENT OR TRADING ADVICE **
Long term investments in Take-TwoWith the help of the white trend lines we see how the price had a break out of a triangle formation down to the range of 160$.
I would definitely wait for the shares go further down to levels of 150.69 (what a nice number).
IF we get a quick move upside with a strong candle there are better chances of an turnaround.
Another interesting support I would watch out is the 136$ where we had 2x a strong resistance in the past.
Sunday Prep 7/25 - $TTWO Short & Long
2 ways I see to play this ticker (yes, that’s slightly punny). 1. Short a pop back into the underside of the quarterly pivot/50d/monthly pivot area if it can shove up there quickly. 2. Wait for a break below 166.61 and then look to join trend.
If we lose that 161.33 low, I really feel like this has the ability to come all the way down to retest that 140 breakout level from way back. Make sure you understand when I discuss these bigger moves, I’m not referring to near-term, but more likely to take a month or 2 to play out.
Take-Two Interactive Software (TTWO)On the above 3-month chart price action is now trading 2700% above the 2009 lows. The potential for further upside is increasingly limited following the overbought condition (green column) with following regular bearish divergence.
On the 10-day chart below a trend line offering support since 2012 has recently became resistance following the breakout and back test.
A sell from $210 is amazing if you can get it.
1st target $136
2nd target $30
Take-Two Interactive Software (TTWO)TTWO's price action at it's short term overhead supply and horizontal resistance suggests a willingness of buyers to accumulate aggressively.
Why I am suggesting this? See the share's pullback on 01 and 02 June, followed by an immediate 'snap-back' to the overhead supply zone.
Today, this price is looking to push through resistance, which may trigger a cup and handle and double bottom formation.
I'd place my stop-loss at 183.70, with an upside target of $194-198.
Last: $187.55.
Grand Theft Auto 6Take-Two owns Rockstar Games and has developed and published many notable games, including its most famous Grand Theft Auto series, Red dead redemption, Mafia series, and a few other big games, including 2K.
Last month, Rockstar announced Grand Theft Auto V expanded and enhanced Edition for Sony PS5, Xbox Series X, and will launch on November 11, 2021.
Based on the previous game's announcement and release, Rockstars games always gives a significant push to TTWO. (Charts attached below)
Technical analysis:
- Based on my chart, I believe TTWO will have a big announcement in November 2021 (maybe they will announce Grand Theft Auto 6) and most likely will continue the rally beyond $200.
- Currently, a Potential Head and Shoulder pattern may fall to retest the bottom trend line. It is pretty safe to short sell it down to the major bottom trendline, then start to invest long-term once the price retests the major bottom trendline.
Grand Theft Auto 5 announced
Grand Theft Auto 5 Released
Red Dead Redemption 2 Announced
Red Dead Redemption 2 Released
Grand Theft Auto 5 New Generation Consoles Announcement
Head and Shoulders Be Safe! Earnings 5-18Earnings 5-18 After market Close (AMC)
Head 214.91
Left shoulder 180.60
Right shoulder 186.2
Be safe and go with your gut. Ugly tops do not always do well in a bull market. This would need to break neckline in a confirmed downtrend to become a bearish choice.
Sometimes pull backs are wonderful, sometimes they are not. This is one I would be careful about,. They may beat earnings and be back at old high. They can beat earnings and go down anyway. They could miss earnings and go up or down. Too many choices for my little brain when I look at this chart )o:
No recommendation
The neckline is strong support until broken, once broken it becomes resistance.
