lauralea

Head and Shoulders Be Safe! Earnings 5-18

NASDAQ:TTWO   Take-Two Interactive Software, Inc
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2
Earnings 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.
Comment: TTWO is taking a shot at breaking the resistance of the right shoulder. The resistance there is not giving in as of yet, but I check this one daily to see which will win this battle, the head and shoulders pattern or the momentum of TTWO (O:

Comments

Its a BEAR MARKET since previous week when Elon Musk let his DOGECOIN fans down on SNL and DOGE took a dump and it never fully recovered ever since, this pattern has begun to develop.Charts are good but also a sentiment of a crowe or rally counts.This ia going down from here on.Many Cryptos were pumped all over and around even Coins like Safemoon and Shiba Inu made some surprise from their first day.Not everything is meant to go up forever. I would play it safe from here on.
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lauralea peters416
@peters41, This is not a stock I would buy anyway so it was not tempting (o: The market does not seem receptive to high flyers right now. I do not know if earnings will matter, but it could change the pattern I suppose.
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I just remind myself that I can trade one share with zero commission when I'm not sure of the direction.
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lauralea KhanhC.Hoang
@KhanhC.Hoang, I do that too..LOL
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To be happy, I view profits from trading one share as dozen of eggs, pounds of banana/apples. I closed this TTWO earning trade today.
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It's now a much lower risk than the "top"
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lauralea KhanhC.Hoang
@KhanhC.Hoang, sure u can. .earnings are soon ..just be sure of the direction is all. good luck! I am a pattern trader, so i am blinded by the pattern...may not be a good thing but for me I would need to see strong evidence of neckline avoidance/Your chart shows a better representation of a head and shoulders pattern than mine does. But this one has not broken the neckline. If it doesn't break the neckline and makes a run to the upside changing the entire pattern, then I lose (o: lol..I am a graceful loser (o:

It is much less risky to get n now verses getting in at the top. but much more risky

getting in now verse buying at the the bottom. But you are right, this could be the bottom (o: we never know for sure
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