Since the beginning of February, Take-Two Interactive has been moving mostly sideways with a slight downward bias. Currently, the ongoing beige wave b should continue upward, driving the stock into the beige Target Zone between $241.59 and $257.87. There, this corrective rally should conclude, setting the stage for a sharp downward move. However, if the stock breaks below the support at $135.62, this will signal a premature correction low of the blue wave alt.(II) in the blue Target Zone between $107.47 and $46. We assign this scenario a 33% probability.
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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.