johninvesting9
Short

Rising Wedge - Take-Two Interactive

NASDAQ:TTWO   TAKE TWO INTERACTIVE SOFTWARE INC
The chart pattern is showing a rising wedge .

While technical indicators are showing we are below two moving averages 20 and 200 (acting as resistance). MACD , RSI and DMI showing bulls are running out of buying power.
TD Sequential is about to give us a SELL signal with a "red 2", below "red1", below the "green 9".

If the stock market does continue to rise, I think we can bounce off the 50 moving average.
However, If the 50 days moving average doesn't hold, and support fails (around 114-116), there will be a lot more downside to come.

I will look to take profit if I am holding this stock.

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