This is one of those stocks that is going down because they're going to post some bad earnings. Get ready for some serious blood on this one. Easily replaced with AI technology. They need to fire a bunch of employees and make some cuts to spending.
The PEAD projected a bullish outlook for $TTWO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
Gaming. Will it be bulletproof over the coming years as it usually is? More than likely test a bottom and getting a reaction. Just like crypto we are not calling for the next melt up just a trade . Bulls make money. Bears make money. Pigs get slaughtered. Dont be the pig and get greedy
Some sort of announcement is building up in the charts.
TTWO Daily chart analysis
Take two? The bulls about to take a strike 3 on this one.
TTWO is currently in a downtrend with price under both the 200 and 50 ema
After hitting a low of 103.05, price bounced to about 134.
At 134, price found resistance from the 50ema which knock price down to 122.45
At 122.45 price found support and price bounce back up again but...
TTWO
Daily chart review.
Taking a take two
This one is straight forward.
TTWO is currently in a downtrend.
It’s been bouncing between 133 resistance and 121 support.
Price broke down from 121 support and has now pulled back. This is my opportunity to enter trade short
Entering trade short
Entry: 118.67
Stop loss: 125.49
Target: 103.14
This seems risky for a number of reasons, (earnings in Nov., the eternity of time till expiration, unpredictable economy, etc.).
I may place an order to try to get filled with a $1.00 limit price, (for a $100 credit), instead of taking the current $0.75 credit. Or might not. To be determined! Or it might be better just to watch and learn.
Good luck!
TTWO...
Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue- consistently growing since 2015, average 5-year rate at 16%
Profits – significantly dropped compared to 2021 by circa 60%
Net margin - significantly dropped compared to 2021 to 4.26%
P/E – extremely high at 131...
The PEAD projected a Bullish outlook for $TTWO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
A slight falling wedge can be drawn on chart as price slightly moves out of the bottom of the channel
The arrow indicates a return back to the channel which is what I think will occur
Falling Wedge patterns often end up with a bullish result
TTWO is at resistance, or very close.
There are two head and shoulder patterns above price and only recently has price saw a significant decline.
Sloping neckline at 2nd H&S top.
Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle...
TTWO stock grew by +3.71% on Friday , stock opened at $132.13 and closed at $136.41, stock is working below 20 EMA shows that stock is bearish in nature and RSI is at 38 that shows stock is at best place to make an fresh entry. For better risk and reward make entry in this stock when it cross 20 EMA in daily chart. You can invest in this stock for short as well as...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $149.12
Target Price: $146.44
Stop Loss: $154.48
Take-Two Interactive has rebounded after a sharp drop. Now the sellers may return.
TTWO halted its bounce around $164. That zone offered support in March and May, and resistance in August, then support again in December. Given its relevance in the last year, could it mark a top for the latest move?
Second, the 50-day simple moving average (SMA) just slipped...
Take-Two Interactive - Short Term - We look to Buy a break of 174.44 (stop at 168.88)
Daily signals are bullish. A bullish reverse Head and Shoulders has formed. Buying continued from the 61.8% pullback level of 164.18. The trend of higher lows is located at 163.50. The bias is still for higher levels and we look for any dips to be limited. A move through...
