Flight Boarding - Grand Theft Auto 6Hey fellow gamers and number-crunchers, gather 'round! 🎮
Big news alert: Rockstar Games is dropping the first trailer for Grand Theft Auto 6 on December 5, 2023! twitter.com
Now, for those who live and breathe gaming, no further explanation needed. But hey, to the data lovers and boomers in the house, let me break it down for you.
Rockstar is the genius behind hits like Grand Theft Auto, Red Dead Redemption, Bully, and La Noire. Flashback to 2013 when they unleashed Grand Theft Auto 5, which turned out to be the best-selling console/PC-only game EVER. Talk about a gaming legend!
Fast forward to now, and GTA 5 has racked up a mind-blowing 185 million units in sales by August 2023. That's across three console generations and PC, making it the cash cow of the entertainment world.
Hold on to your controllers because Grand Theft Auto 6 is gearing up for launch, and the prediction is a whopping $1 billion in sales from the get-go! 🤑 Experts are betting on at least 25 million copies flying off the shelves on release day.
For the financial gurus out there, I've got the deets on TTWO Rockstar Games history prices in my previous analysis. And if you're eyeing the market, the sweet spot for entering the trade seems to be at that red horizontal line at 146 - 150. But here's the cherry on top: I believe we're aiming for a new all-time high beyond 210! 🚀
So, who's ready for the next gaming revolution? 🌟 Share your thoughts below and let the positive vibes flow! 🚀🎉
Grandtheftauto
Time to buy into the GTA 6 hype?Tomorrow will be the day the first trailer for GTA 6 will be released. It's been nearly ten years since GTA 5 was released and broke world records. The wait for GTA 6 can not be compared to another game. The hype and anticipation are off the charts. This creates a unique investment opportunity.
Looking at the historical prices news related to GTA has created considerable share price movements. Especially when related to GTA 6.
In September 2022, a leak about GTA 6 caused Take-Two’s stock to plummet. Recently, when Rockstar announced in November that early December is when we would see the first news around GTA 6 the shares gapped up and rose around 17.17% in 30 days.
There is considerable space for big gains when Rockstar releases the trailer tomorrow. It all rides on the investor's expectations, which will largely be following the customer's expectations. If the customers see it being good and the trialer receives a lot of attention, positive of course, then the share price will inevitables go up.
Trailer released => Large positive response by customers => investors excited and happy => share prices rise.
Now of course this is the short-term outlook. What about the long-term? The game will most likely be released next year in the fall. But this game will no doubt break records and will allow Take-Two, the company that owns Rockstar, to profit handsomely. Just as GTA 5 did. This therefore seems like a great opportunity to buy the shares before the short-term rapid rise and possible long-term outlook. However, speaking long-termly this would need a different piece of analysis that I'm not doing right now. But all I will say is the potential for long-term growth is there and this could be a good buying in price right now.
It would be difficult to put a price range for tomorrow. But I would say between 20% - 30%, which is around the all time high. But I do see potential for further upside tomorrow.
erm... earnings recession just turned into earnings equillibriumso... we basically changed nothing. the only reason im neutral and not long is because the rest of the market still isnt participating in the breakout. provided that happens im calling it breakout confirmed. yes, that could possibly mean all time highs. nvda is a megacorporation.
Grand Theft Auto 6Take-Two owns Rockstar Games and has developed and published many notable games, including its most famous Grand Theft Auto series, Red dead redemption, Mafia series, and a few other big games, including 2K.
Last month, Rockstar announced Grand Theft Auto V expanded and enhanced Edition for Sony PS5, Xbox Series X, and will launch on November 11, 2021.
Based on the previous game's announcement and release, Rockstars games always gives a significant push to TTWO. (Charts attached below)
Technical analysis:
- Based on my chart, I believe TTWO will have a big announcement in November 2021 (maybe they will announce Grand Theft Auto 6) and most likely will continue the rally beyond $200.
- Currently, a Potential Head and Shoulder pattern may fall to retest the bottom trend line. It is pretty safe to short sell it down to the major bottom trendline, then start to invest long-term once the price retests the major bottom trendline.
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