0LCX trade ideas
TTWO Huge Drop into Consolidation Box after Failed BreakoutNot looking good for TTWO as a failed breakout led to a 7% drop on 1/23/19. Clearly in a downtrend. Wants to break this box and head into demand. Will likely struggle there, but first target is 92-93.
TTWO in a support area and looks bullishTTWO may bounce back from support ( around $102 ). Hopefully it will form bullish engulfing candle.
Take Two - BuyLooking to buy on the open this week. Price has shown a strong bounce from the 110 area.
Price has formed a decent outside bar from the lower BB.
Looking to target new highs of $150.
TTWO 15% gain in ~30 daysTTWO Excellent QTR, strong momentum. Down due to sector weakness today. Hit bottom of trading range today at 109 and bounced off, 15% upside. Sell near 129.50 resistance for 15% gain.
[TTWO] Phase 3The price is over 30MM. We see a resistant, and the slope of 30MM is low. The RSI is going down too.
If the price breaks the resistance, it will be in phase 2.
TTWO Investment Opportunity if Patient.Weak macro market conditions could present a good investment opportunity.
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.
TTWO Head and Shoulders - Closing the GapPotential skewed head and shoulders on TTWO. Not the cleanest, but the neckline is pretty. Measured move from the top of the head to the neckline would put the price target around where it gapped up in early August, 2017.
PT: $80
SL: $116
TTWO facing resistance, still a good buyFundamentals
134.53. NO DIVIDEND
Based in New York, New York
Full time employees: 4,492
Its products are designed for Sony’s PlayStation 3 &4, Microsoft’s XBOX 360 and One, personal computers, smartphones and tablets. The company develops, publishes and markets entertainment products for consumers worldwide. Offers products under Rockstar Games, 2K Labels, Private Division and Social Point.
Develops action/adventure products under Grand Theft Auto, Max Payne, Midnight Club and Red Dead names.
STOXLINE: STRONG BUY 4 Green Stars with a 6 month price target of 161.94
P/E: 52.55
P/E Growth ration -0.01
Technicals
This is another stock that is extremely overbought. It shows strong growth along with the rest of the industry, but it is encroaching on the upper bound of the KRI, and the Momentum indicators are still very strong. Although it has made new highs, momentum seems to be petering out, and a retracement is likely.
Buy TTWO long because Red Dead Redemption2 Hello this is my first idea, also it is pretty simple, but i think buy long TTWO is a good option because Red Dead Redemption 2 is almost release (26/09/18) and that game will be a super sales and does not matter if the game is not very good, the first, second and third day after the release they are going to sell lots of copies and thad means a huge profit . The important thing here is be careful after the first days because when that period of time ends maybe the sales could decreased if the game have not a good acceptance among the players, but everything depends on the game acceptance after the initial days.
TTWO target $145 Oct 19th on Red Dead Redemption 2 marketingWith about 36 days until release and a embargo lifted today for journalists to mention greater details I believe Rockstar Games and parent Take Two Interactive will begin heavier marketing tactics for the biggest game to release since Grand Theft Auto V. This game is largely staying under the radar due to clandestine marketing techniques, but I believe there is likelyhood is could be the game of the decade, and cause video games as a whole to transcend boundaries.
Disclosure: I am LONG TTWO with shares and options. $130/135/140 Strike with October 19th expiration Calls.
Buy Alert for TTWOMy WT Cross Strategy has alerted me to a buy signal for TAKE-TWO INTERACTIVE SOFTWARE INC. ( TTWO ), at a price of $129.79 using a 180-min time frame. My idea is to buy the dip, at price below $129.79. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 750
Average Length - 1
Average Length2 - 17
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I have a Pro+ subscription for Tradingview so this gives me access to more data than someone with a free or even a lower tier sub. More data should enable me to construct a more robust model, so your mileage may vary if you are trying to use this strategy for a free account. Please use caution, and be advised. Good Luck All!
$TTWO - Take Two - ShortThis is a contrarian view on TTWO. I don't short very often and if I do its usually short term only.
We have an outside day bar rejecting from the top Bollinger band forming a tweezer top pattern.
I'll be looking at entering on the open tomorrow as long as price breaks todays low.
SL at 140
TP1 at 128
TP2 at 120
TTWO: As much I love this name...time for pullbackI can see them coming down to 121 level and then I will back my truck up once again. This is still the BEST name in my book.
TTWO: Still is my biggest play of the year.124+ coming fast and furious. My own personal prediction is 175-180 by the year end.
