TTWO trade ideas
TTWO SHORTTTWO has had an amazing run (1650% from 2012 bottom until 2018 top), however, since May of 2017, its RSI gradually started declining, while its price kept on moving higher, showing a bearish divergence. It reached a top in November, which it could break for the second try in January 2018, but on a significantly low volume, which would be needed for a continuation of the uptrend. It failed and it also broke the 50 day Moving Average and the 200 day MA, with a large volume selling day in between, showing further weakness.
My prediction is that it will try to break above the 200 and 50 day MA's, but it will fail, break the lower support around 92 and correct until the 68 level, which is around a 50% correction of the full trend of the last 6 years.
TTWO's last standTTWO is on very thin ice right now. TTWO has be under-preforming the other game stocks for the last few weeks. The breakout i previously predicted looks like a textbook blow-off top. There is not a lot of support below $100 and once that breaks i expect it to move quickly to the low $80s / high $70. Fib support (.5) and the 100 unit moving average await this wounded soldier. I expect we at least have a solid bounce in this area.
Shark Cards sellout & Story LineI talked past view days to a view gamers as we met for a Twitch Aniversary and good some good indications for the future things here. Those people played over 900 hours of this game (solo), so they have the experience to say what is going on.
First of all, still a lot of hackers are online, nobody gets banned / maybe a view, but you can't do anything against them. Even if you usually play, they could spam you money, and you get banned. That is a big issue in the game, still not fixed. So that leads a lot of people to play Story Modus, which is annoying over time or quit the game. That is a loos in money because Shark Cards are the main income stream of the game after you purchased the game.
Positive for us investors is that the last DLC got some new items in the game which are high priced which leads people to buy Shark Cards. Depending what you want to get you have to invest around $200 to get an Office, Car and some other stuff. If someone plays the game longer, he may have a lot of money or still a bite of the cake so they would have to invest also between $30-$90 which is still pretty good.
In the end, we have people leaving the game, joining again because of the DLC, buy Shark Cards to get faster in the game or on top.
Opportunities:
1. In my opinion, a movie would make a lot of sense or a series. I mean, this is a game people enjoy, love and we have seen the real people like Trevor or Michael in real life. So there would be a chance to get a one-hit wonder again.
2. To continue the story with a paid DLC would also make sense or a second storyline to keep with this characters. It makes a lot of fun to play the story, and maybe it would be nice to get a more extended story, with more heists going on. That would be one of the principal things to continue the game without online gaming & cheaters.
Conclusion: I see a long-term profit opportunity here because for short-term we are moving to slow and we have not enough space to rice to new dimensions.
To get a good hit here, I would say I have to invest around 20-60k to have a good profit by the end of the year.
To much risk, in my opinion, to put that much on it, I would go with 10k which could lead to profit around 1k+.
Not much but maybe we get the space we need, and some new fresh wind will come in for Take-Two
TTWO Triangle breakoutTTWO has a very nice ascending triangle that is almost complete. Flirted with a breakout today, and could make one last dip down to retest the lower portion of the triangle. Moving averages continue to coil as well, which has been consistent with past breakouts. I really like how this is setup and would be long going into earnings. I expect to price to reach $140ish range in the not to distant future.
TTWO potential long opportunityfirst prediction just for fun. i hope to post in-depth descriptions of my analysis in future posts. do not rely on this to make a decision.
TTWO Stock Technical AnalysisHere we have a fundamental growth company ready for growth. The technical analysis agrees we are ready for the upward
-Two waves up since early April
-A retrace from those two waves to the critical 38.2 level
-The retrace is building a bullish divergence
-False Breaks on the 1 hour and 4 hour TFs.
The first price target is the most recent high at $80 a share. This would be a 13% gain. However, speculating, this stock in my opinion will go past 80 in the coming months/year.
Take Two Still Looks Like A Good InvestmentTake two interactive is one my favourite investments. Has shown some great potential off the back of some great publishers. The future looks good.
Bearish Crab Setting UpTTWO still have some room to move up. Being patience here and just watching how it plays out
TREND IS UPLEAN ON MARKET STRUCTURE AND AREAS WHERE THERE WERE KNOWN BUYERS BEFORE TO FRAME YOUR TRADE.
