TTWO - Bullish Pin Bar in the makingAfter a sharp pullback to test the 61% fib retracement, TTWO looks to be forming a bullish pin bar today. I would tentative enter now at about 130 with an initial stop just a few ticks below today's low of 126. Should the trade work out, I would be trailing my stops upwards with a view for it to retest it's recent high at 1.48
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
TKE trade ideas
TTWO (earnings play long call looking at new highs)NASDAQ:TTWO Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America.
GTA, RED DEAD REDEMPTION, 2K Are some of the popular games they have developed.
Look for a good entry point after some of this weeks news like china trade or Powell speaking should shake off some people hanging on.
MOKU cloud - Signaling bullish momentum and continuing to open up.
Stochastic RSI - Currently above 100ma looking to test the 50 below for a coil up into earnings and long.
GC MAGIC OVERLAY - Flipped to bullish momentum last week.
Resistance - Heavy resistance in their history shows $132 being their breaking point. Looking to retest this week and make a new high.
Expected move - 9.8%
Watch for the re-test for an entry point than play the run up and long into earnings call.
LIKE if you find useful. Thanks
Buy the Rumor, Sell the News?Looks like my dry cleaner is buying TTWO, and thats why I would think he's a dry cleaner. RSI overbought as ever, I don't think earnings has much upside room left, seems like this is going to pull back on earnings, from an RSI standpoint. Still long term bullish, I don't know what the street is expecting from earnings, but pretty hi expectations seemed to be baked in atm. Not financial advice, punt your money, preferably to me
Rising Wedge - Take-Two InteractiveThe 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.
Saham syarikat TTWOTTWO adalah kod bagi syarikat Take Two Interactive Sofeware Inc yang diperbuat dari segi sektor teknologi. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah downtrend@bearish dengan penurunan sebanyak 4.89% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Patuh Syariah
Trade Journal: Short TTWO - Rising Wedge - 2/24/2020With market weakening and a big gap down day, I've been continuing looking for short ideas to ride this possible start of a big downtrend. TTWO has been of interest short since making a bearish PEG and creating a nice rising wedge pattern. I was looking to get short at the break of this pattern.
Entry - 112.70
Stop Loss - 115
Target - 100
I already exited this trade at 114.60 (Early stop). I pulled the trigger way too early on this trade today. TTWO did not clear the high volume node which was clearly acting as support. I ended up bottom ticking the short entry.
I will continue watching TTWO as the setup is still valid. I am expecting retracement to the upside tomorrow in the market.