TTWO
The TTWO stock shows strong indicators on the weekly and monthly timeframes, including moving averages and MACD. The stock has formed a triangle pattern on the daily chart, which has been activated with a breakout above the last high. Additionally, it's forming a descending channel on the weekly timeframe, and is currently near its upper boundary. We're preparing for a potential breakout.
There are two scenarios:
Enter directly with the breakout of the descending channel.
A weaker scenario: we wait for a possible pullback from the upper boundary of the channel to test the triangle's lower boundary, then enter a buy position with a stop loss placed below the triangle's last low.
Our price targets are between $17.90 - $179.90, with the possibility of exceeding this range to reach $189.22. It might extend further to $247. The stop loss is set at $145.
There are two scenarios:
Enter directly with the breakout of the descending channel.
A weaker scenario: we wait for a possible pullback from the upper boundary of the channel to test the triangle's lower boundary, then enter a buy position with a stop loss placed below the triangle's last low.
Our price targets are between $17.90 - $179.90, with the possibility of exceeding this range to reach $189.22. It might extend further to $247. The stop loss is set at $145.
Trade active
it has achived target 1Trade closed: target reached
"We have reached the main target as we discussed. Now, we recommend exiting and monitoring the area as a correction is expected from this point."
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.