Take Two just formed a bearish engulging pattern with the highs of that pattern very close to the declining resistance line.
Right now may be a good time to open a partial position but I would wait for confirmation with a close below 17.50. Use the resistance lines as price targets.
A lot of info was gathered from the weekly charts on this one.
1. The mountain top highs throughout all of 2011.
There were a lot of them and they were pretty close to each other. I used the last one because it seemed to hold up in multiple areas as both resistance and support.
2. The more recent but still ...
The e3 conference had me focused on a basket of names, one of which, guess... $TTWO. An IBD50 name with tremendous promise. Can it wick back up? LIVE coverage on Google+ Hangouts. Look for admin announcements. Sincerely, Beauty