TakeTwo maybe taking a break #stocksDespite having a bullish bias in the overall market, I will always look for potential short opportunities to offset long equity exposure. TTWO looks like it might be a decent reversal play to the downside after breaking the uptrend line that comes from the previous range breakout. I am not bearish on he company or the video game sector, but there is always sector rotation and this stock could be a victim in the near term. It was definitely a COVID play but as vaccines are being distrusted, there could be a little less demand at the margin for video games even if the secular trend is still positive. Not sure if we will retest the range high and I am not sure if I want to hold the short into earnings but to sell here with a stop above the highs at 212 might be a trade worth taking
0LCX trade ideas
2021 Actual Trade: TTWO +19% Profits
11/06 was the first hint that TTWO quickly approached 180. Its pullback for the next 3 weeks offered opportunity to wait for its second arrival to around 175-180 range.
11/25 was the day that TTWO accumulated its upside power to come back to near 180 level.
We were ready to get in 11/25 at 174.28 when rallied just about to start
At the same time holiday day season started, TTWO were also climbed straight up for the entire December. We closed 01/03, the first trading day of 2021 for a smooth +19% profits.
$TTWO #TTWO Daily Double Inside Candle BreakoutLooks like upside to the 188 level In TTWO near future. Will enter at close of day if TTWO stays above $181.48 breakout level. No defined stop loss, but will be watching this closely and would probably stop out any close under the $181.48 level. Not financial advice, merely a punting opinion.
TTWO - November 29, 2020Take-Two Interactive Software is a leading game developer and publisher through its labels Rockstar Games, 2k, Social Point and Private Division. The total gaming industry reached a record $11.2 billion in the third quarter of 2020, creating a 45.10% increase in TTWO since this time last year. Expect to hold TTWO for major returns with the anticipation of new game releases further catalyzing the market.
TTWO Bullish Trade Setup (Leaps or Verticals)TTWO current consolidation pattern presenting some good opportunity to establish some Leaps expiring 2021. Current support level for wave (4) at 149.5 setting up for a medium term wave (5) rally that could last for months. Check Video Update for exact trade execution details
(TTWO) Take Two Interactive A good looking technical trade seems to of appeared with TTWO its on the trend line and if begins to follow suit it shall push forward, along with lock down and people staying in, online games are a huge advantage right now so that all stands in its favour... I have placed a buy order just above the last closed 4hr candle @ (166.80) ready for its push and a stop loss @ (163.00) just in case it wants to go against the trend.