$TTWO, TAKE TWO HAS MAJOR HEADWINDS AHEAD.Google and Apple what a nightmare for the conventional gaming stocks to hear that those 2 were entering into your market place. Both these companies have ready made customer lists already tied into their eco system through GMAIL, Youtube and IOS, it is very hard to see how they will not be disruptive in this sector.
Trade ideas
Long - Take-Two Interactive (TTWO)- NASDAQ:TTWO broke above a falling wedge pattern in place since last summer
- Prices are trading above their 20-day and 50-day EMA
- MACD finally turned positive
- Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards)
- Target is set at an overlap level the 200-day EMA (20%) with a stop-loss at the low (8.25%)
TTWOTTWO seems to have made 5 waves down (4th was the pennant). Now we have touched a support on the daily level, 86 dollars. The earnings were good, yet there came a drop and there hasn't been a retrace. Analysist are giving TTWO a strong buy, as there hasn't been a retrace yet and there hasn't been bad news. TP around 110 dollars.
$TTWO - Horizontal Buy Zones$TTWO broke its upward trendline from it's August 1, 2012 lows. Gaming as a whole will be in decline for awhile due to their lack of creativity and being out of touch with their customer base.
The purple zone is where I expect TTWO to gap fill down. Depending on the fundamentals, I will buy $TTWO in the green zones.
Feedback is always welcome.
TTWO on my radar....earnings Nov 7thTake Two will be on my radar going into Nov 7th earnings. Macro market conditions and correlation with /NQ will dominate price action but if you're looking for high beta from which to extract alpha (new euphemism for the cliche degenerate digital assets trader?)....then TTWO could be a great opportunity (if you can remain fluid with the market) to find multiple trading opportunities on multiple time frames.
Tentative outlook/trade plan development looking for a little bit more relief in macro conditions pushing TTWO up to 50 day simple moving average in which to take an aggressive short into. Profit target would be about $30 to the downside at which time I would be covering my shorts and reversing in to a longer term (6-12 month) investment opportunity. Be tactical. Be patient. If the plan becomes invalidated GTFO.






















