I believe the weak hands have already been shaken out after the Paypal news, that's capitulation if i have ever seen it, which also filled a gap that needed to be filled. A lot of bad news has already been priced in the stock. If earnings are even half decent, this should have a relief rally to dotted downtrend line and once that is broken, things could start to...
I think path is bottoming here off a weekly 9 (which has flipped to a green 1). Friday's closed is very important, ideally we finish near a high for the week. I see a rebound to the $65 dollar level and then making a higher low. This is a good company worth sticking with long term.
TD indicator is on an 8 daily and an 8 weekly, double 9s incoming. 9s on the weekly time frame have historically been very bearish, we could possible see a retest of $500 area. The daily candle formation also looks bearish as of now, which will close in about an hour. Use Caution.
Sequential is telling me this should bounce. Daily/Weekly time frames are on a 9 and 8 respectively. On a Monthly time frame, we are on a red 4 after a green 9, (1-4 candle correction is normal after green 9).
I'm going to taking profits going into Friday. NOTHING has changed in my long term outlook, but looking at the sequential and candle formation i think this stock is due for a pullback to the .618 level (around 21.50). This would be a great time to buy.
It's a good time to take profits on TTWO with a 9/13 coming on a weekly time frame. I still really love this stock long term and believe a good buying opportunity is coming. I'm looking for a retest of the $180 level.