TTWO
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.
The Gaming Trade - Video Game and Esports Stocks - September 2.0The Gaming Trade
The gaming trade tracks gaming & esports stocks. With a combination of technical and fundamental analysis I attempt to provide the best ways to profit off of these companies in the stock market. My style is a blend of classical charting, candlestick reading, trend trading and a bit of price action. My decisions are based on how the daily, weekly & monthly charts display the current status of the stock. I will do my best to provide insight on profit taking points and breakouts on my Twitter account: @TheBegonis - I use no leverage in this tracking account.
9/16/18
AMD: Current Price: $32.72 ( first article in September $25.17)
Earlier this month I wrote about AMD and noted the Bull Flag on the 4 hour that could take the stock to $30 -- Well it hit it. After a couple days of profit taking, the stock keeps on rolling. The Monthly and Weekly charts show no sign of slowing down either. We are in a little bit of chop on the daily but unless price closes below $25.61 on the weekly this could continue to climb.
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ATVI: Price $81.27 ( First article in September: $72.10)
Well... Last time I said we were in for some chop, until price closed "above$75.53 on the weekly and the Monthly closes above$75.40." DID WE. Price shot up 11% since then. Price met the previous green candle high around $74 and volume pushed the stock bullish again. Right now price seems to be rounding over on the daily as it hits the previous high around $81.50. Price could pull back a bit on the daily as it loads up for another attempt at the top of the channel. The weekly Stochastic RSI signals that momentum is on the side. Take profits should we reach the top of the channel around $85.
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EA: Price $114.27 (First article in September: $113.41)
Electronic Arts still looks to be in trouble. So far it seems that a descending wedge is forming on the Weekly and that means prices will continue to fall before any turn up. In the short term we may have a pop to the $118 area seen on the daily to confirm the resistance line of the wedge. But a move down is likely to follow. We may not find true support until the $92 area seen on the Weekly where a lower trend line can be theorized and the Weekly 200SMA (and Monthly 50SMA) would meet. If Price closes below $106.23 on the Monthly, EA will be trending down.
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HEAR: Price $18.91
Turtle Beach went on a tear this year starting in May (No doubt to the rise of steaming, esports and the explosion of Fortnite). Right now, the run is out of gas. Price is channeling down but we might see a short term bounce as we are at the support of the channel and testing the top of the ignition candle. Look for a possible short term bounce to the $22 area, but this would be a counter-trend move, so if you do, trade careful. If Price closes below $16.53 we will continue going down.
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MSFT: Price $113.37
Microsoft continues to chug along. Despite some chop of the daily chart it is at an all-time high. The chop should continue on the daily but this looks like it will continue rolling.
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NVDA: Price $276.43
Nvidia is very choppy on the weekly and daily charts but is otherwise slowly and surely trending up. Price would have to breach $239.63 before I would show any real concern for the stock. HOWEVER, price does seem to be leveling off based on the weekly, so upside may be limited.
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SNE: Price $59.44
Like so many stocks I am seeing in the market, Sony is starting to show signs of going parabolic. In other words, price may continue to rise and it may rise fast. Price gapped up and is testing a high we haven't seen since 2007. It is a bit of a ways to go before reaching the highs of '99/2000 but the next area we could see is the $84-85 area -- All three major charts are bullish.
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TCEHY: $Price 41.35 (First article in September Price $43.14)
I love Tencent but this is just painful. Price continues to try to break down from the descending channel. (Daily) That $36 area I mentioned last time could still be support but I think this is going to be slog down to the $30 area where the Weekly 200SMA is trending.
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TTWO: Price $134.11
TakeTwo continues to operate within the rising channel and price is chopping on the daily. At the moment there isn't a good entry and no reason to exit.
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UBI: Price $95.68
Ubisoft is in a bit of a precarious position. Price is flat. The Daily and Weekly are trading sideways with a slight downtrend. Price fought back bullish last week on the Weekly. It needs to confirm by closing past the next two targets of $97.02 & $99.52 to really resume a bullish move. Price is stagnant at the top of the monthly but it would only be in danger if it closed below $79.60.
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ZNGA: Price $4.02 (First article in September Price $4.16)
This looks like it should be covered by Ted Allen on Chopped. Two weeks ago it sabotaged all the momentum it was gaining and went choppy. Price seems to be turning back upwards but it needs to clear $4.23 on the weekly if it is going to re-gain that momentum. It doe seem that it will hit that $4.55 PT... eventually.
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Thank you!
TTWO Triangle breakoutTTWO has a very nice ascending triangle that is almost complete. Flirted with a breakout today, and could make one last dip down to retest the lower portion of the triangle. Moving averages continue to coil as well, which has been consistent with past breakouts. I really like how this is setup and would be long going into earnings. I expect to price to reach $140ish range in the not to distant future.
TTWO Stock Technical AnalysisHere we have a fundamental growth company ready for growth. The technical analysis agrees we are ready for the upward
-Two waves up since early April
-A retrace from those two waves to the critical 38.2 level
-The retrace is building a bullish divergence
-False Breaks on the 1 hour and 4 hour TFs.
The first price target is the most recent high at $80 a share. This would be a 13% gain. However, speculating, this stock in my opinion will go past 80 in the coming months/year.