Take-Two Interactive - Gaming STONKS - NOMO FOMOSell NOW! Cash Exit's win. Stonkmarket Mania 2021 has ended. Save your dollars or find a company that earns them. CASH FLOW matters. Hopium KILLS.
TKE trade ideas
Sunday Prep 7/25 - $TTWO Short & Long
2 ways I see to play this ticker (yes, that’s slightly punny). 1. Short a pop back into the underside of the quarterly pivot/50d/monthly pivot area if it can shove up there quickly. 2. Wait for a break below 166.61 and then look to join trend.
If we lose that 161.33 low, I really feel like this has the ability to come all the way down to retest that 140 breakout level from way back. Make sure you understand when I discuss these bigger moves, I’m not referring to near-term, but more likely to take a month or 2 to play out.
TTWO has been in a boasting consolidation patternI like TTWO games and stock chart. I think it runs to at least 200 in the near future. Maybe we see a small dip below 171 which I will buy more
Take-Two Interactive Software (TTWO)On the above 3-month chart price action is now trading 2700% above the 2009 lows. The potential for further upside is increasingly limited following the overbought condition (green column) with following regular bearish divergence.
On the 10-day chart below a trend line offering support since 2012 has recently became resistance following the breakout and back test.
A sell from $210 is amazing if you can get it.
1st target $136
2nd target $30
Buy zone around 150This company has a strong fundamentals with growth in the last 4+ years. It currently has no debt. It is slightly undervalued.
From technical point of view, the next buy zone should be around 150-155 according to the long-term trendline.
Take-Two Interactive Software (TTWO)TTWO's price action at it's short term overhead supply and horizontal resistance suggests a willingness of buyers to accumulate aggressively.
Why I am suggesting this? See the share's pullback on 01 and 02 June, followed by an immediate 'snap-back' to the overhead supply zone.
Today, this price is looking to push through resistance, which may trigger a cup and handle and double bottom formation.
I'd place my stop-loss at 183.70, with an upside target of $194-198.
Last: $187.55.
Grand Theft Auto 6Take-Two owns Rockstar Games and has developed and published many notable games, including its most famous Grand Theft Auto series, Red dead redemption, Mafia series, and a few other big games, including 2K.
Last month, Rockstar announced Grand Theft Auto V expanded and enhanced Edition for Sony PS5, Xbox Series X, and will launch on November 11, 2021.
Based on the previous game's announcement and release, Rockstars games always gives a significant push to TTWO. (Charts attached below)
Technical analysis:
- Based on my chart, I believe TTWO will have a big announcement in November 2021 (maybe they will announce Grand Theft Auto 6) and most likely will continue the rally beyond $200.
- Currently, a Potential Head and Shoulder pattern may fall to retest the bottom trend line. It is pretty safe to short sell it down to the major bottom trendline, then start to invest long-term once the price retests the major bottom trendline.
Grand Theft Auto 5 announced
Grand Theft Auto 5 Released
Red Dead Redemption 2 Announced
Red Dead Redemption 2 Released
Grand Theft Auto 5 New Generation Consoles Announcement
Head and Shoulders Be Safe! Earnings 5-18Earnings 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.
leg upSmall position into earning, thesis was beat up enough. Eyeing a few PT. We'll see how it in the next performs next 5-10 sessions
TTWO battling with resistanceBit dissappointing to see TTWO take it on the chin after its recent run up, as it's now having a bit of difficulty regaining its 50 day SMA. Probable scenario now is to dip back down to the 200 day as a retest.
Is Take Two Overbought Too?In the case of TTWO, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
TTWO takeoffTTWO has got pretty badly beaten up in the last few months, suffering a 24% decline since it's last earnings.
4th of March saw TTWO smash through it's long term "covid-19" trendline, which was worrying and I'm sure for those who love to short that would've been the best opportunity...
Remember perspective is everything, it's greater long term trend wasn't in threat.
Anyway, with it dipping below it's 200 day sma (which is my number 1 "buy-the-dip" moment in solid companies) it spent a little time reestablishing a base of support around 165-167. After some wrestling with it's 200 day sma as resistance, recently it's broken free. The likely scenario now is this can climb and face it's former uptrend line as resistance. If it overcomes this, along with regaining its 50 day SMA, this period may be over.
Take Two InteractiveMission:
THE FUTURE IS IN YOUR HANDS The interactive entertainment industry is today's most dynamic segment in all of entertainment. Creativity and innovation are among the core tenets of our organization and are integral drivers of our continued success.
Recent News:
1. NEW YORK--(BUSINESS WIRE)--Mar. 16, 2021-- 2K made a hole in one today by announcing the Company has agreed to an exclusive, long-term partnership with Tiger Woods, one of the most iconic and celebrated figures in golf history. In addition, 2K announced it has entered into a definitive agreement to acquire privately-held HB Studios Multimedia Ltd., developers of the critically acclaimed and commercially successful PGA TOUR® 2K21, as well as The Golf Club franchise. The acquisition is expected to close in the first calendar quarter of 2021, subject to customary closing conditions. Financial terms of both deals were not disclosed.
2. NEW YORK--(BUSINESS WIRE)--Mar. 23, 2021-- 2K today announced the Company has acquired HookBang, LLC’s Austin-based video game division that will become part of Visual Concepts, the distinguished, wholly-owned studio and developer of the iconic NBA® 2K video game franchise. Financial terms were not disclosed.
3. Rockstar/2k Summer....
What do you think?
Like Follow Agree Disagree
TTWO to $180TTWO has a clear path to 180- and with its current uptrend it looks likely. However, even if TTWO dips we have a lot of of strong support in the 150-155 range- both from the purple supply zone and 0.382 fib level.
RSI divergence + low RSI + Mac D cross over + Superb game lineupDecent conditions for a buy. Although the overall market is saturated so keeping tight stop losses
TTWOstill in this channel from 2012 super strong....as you can see we still holding on to the Botton trend line I can we rebound from here and 180 price target
TTWO should resume uptrend.382 fib fan line trend has not been broken in a yearish. Should continue moving along that channel now.
TTWO Long... Once the $188 area is clear see next point. Obviously this wild market... Anything can happen.
TTWO off the Ichimoku cloudPicked up shares of NASDAQ:TTWO for long term holdings off the bottom of the Daily Ichimoku cloud.
TTWO may go up based on good earnings and inceased volumeTTWO generally has a good upward trend.
Earnng were good and volume has increased.
Might be good to add long term and hold.
