TTWO has had an amazing run (1650% from 2012 bottom until 2018 top), however, since May of 2017, its RSI gradually started declining, while its price kept on moving higher, showing a bearish divergence. It reached a top in November, which it could break for the second try in January 2018, but on a significantly low volume, which would be needed for a continuation of the uptrend. It failed and it also broke the 50 day Moving Average and the 200 day MA, with a large volume selling day in between, showing further weakness.
My prediction is that it will try to break above the 200 and 50 day MA's, but it will fail, break the lower support around 92 and correct until the 68 level, which is around a 50% correction of the full trend of the last 6 years.
My prediction is that it will try to break above the 200 and 50 day MA's, but it will fail, break the lower support around 92 and correct until the 68 level, which is around a 50% correction of the full trend of the last 6 years.