GioBru
Long

TAKE TWO INTERACTIVE IS ON A SUPPORT - BOUND POSSIBLE

NASDAQ:TTWO   TAKE TWO INTERACTIVE SOFTWARE INC
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The prices of the firm are supported this week from the 144 weekly SMA . The oscillator RSI is in the iper sell zone.
I took a position long til around the level of 110.
SL and TP are indicated on the chart
i think this is a huge decline and might be collapse, the chart reminds me with a lot of stocks that had been over valued then collapsed.if it stayed about the support @100 then i would consider there is still gas left to go up.

What do you think ?
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GioBru Saeedaldamkh
@Saeedaldamkh, he stock is in an ABC corrective wave. I guess the natural arrive of this wave is around 73$ on the 200 SMA. Only the time will show us the true.
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I'm pretty sure bottom is somewhere around $70 be careful about getting in early.
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GioBru MrKaz
@MrKaz, probably you are right, because over there passing the 200 SMA. I did not looking for a bottom, my idea was only for a bound.
;-)
+1 Reply
MrKaz GioBru
@GioBru, correct sir well done
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GioBru MrKaz
@MrKaz, thank you. The SMAs gave me the route! Ever!
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