T1TW34 trade ideas
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.
Take Two Still Looks Like A Good InvestmentTake two interactive is one my favourite investments. Has shown some great potential off the back of some great publishers. The future looks good.
Bearish Crab Setting UpTTWO still have some room to move up. Being patience here and just watching how it plays out
TREND IS UPLEAN ON MARKET STRUCTURE AND AREAS WHERE THERE WERE KNOWN BUYERS BEFORE TO FRAME YOUR TRADE.
Bullish on TTWOBullish divergence, break desending wedge, volume confirm. stochastic out from oversold. one white soldier confirmation and continuation
Take Two CAN'T PUSH UP!Take Two just formed a bearish engulging pattern with the highs of that pattern very close to the declining resistance line.
Right now may be a good time to open a partial position but I would wait for confirmation with a close below 17.50. Use the resistance lines as price targets.
TAKE TWO SETTING UP!A lot of info was gathered from the weekly charts on this one.
1. The mountain top highs throughout all of 2011.
There were a lot of them and they were pretty close to each other. I used the last one because it seemed to hold up in multiple areas as both resistance and support.
2. The more recent but still long-term upward trending support line.
Nice and steady.
3. A large gap which is the shaded area.
The range of this gap was HUGE 17.76 to 23.94
This is the potential of the next move.
FILL THAT GAP!!!
4. Resistance at 17.43
I believe that it will move towards 18.88 if it closes over this line.
5. Stoch was showing oversold last week around the same time as the bullish hammer.
It has since been trending up.
A great entry point would be closer to the bottom of the hammer around 16.45.
We may not get that chance so weigh out your own risk.
Maybe good for 2 entry points to spread the risk.
HAPPY TRADING!
update This is poor timing (Sept lows can hold ST), but I need to throw this out there as I had been optimistic it could make new highs.
More Like Take ThreeThe e3 conference had me focused on a basket of names, one of which, guess... $TTWO. An IBD50 name with tremendous promise. Can it wick back up? LIVE coverage on Google+ Hangouts. Look for admin announcements. Sincerely, Beauty
