$TTWO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $TTWO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
T1TW34 trade ideas
Take Two 2823Gaming. Will it be bulletproof over the coming years as it usually is? More than likely test a bottom and getting a reaction. Just like crypto we are not calling for the next melt up just a trade . Bulls make money. Bears make money. Pigs get slaughtered. Dont be the pig and get greedy
Some sort of announcement is building up in the charts.
TTWO 7/11/2022TTWO Daily chart analysis
Take two? The bulls about to take a strike 3 on this one.
TTWO is currently in a downtrend with price under both the 200 and 50 ema
After hitting a low of 103.05, price bounced to about 134.
At 134, price found resistance from the 50ema which knock price down to 122.45
At 122.45 price found support and price bounce back up again but failed to make a higher high.
After bounce, Price was shot back down to support level of 122.45
At support, price has been building up, moving sideways.
We now have a Double Top pattern with a build-up of price at the neckline support of 122.45.
This Double Top patten also has a build-up at the 50ema Dynamic Resistance.
When looking for high probability short trade, look for bearish patterns in existing downtrends.
Double Top pattern + Downtrend = High probability trade.
I would normally wait for price to break the neckline to confirm the Double Top pattern….BUT….
since we have a “build-up” of price at the neckline support, I feel comfortable being more aggressive and entering trade.
Entering trade short.
Entry: 122.67
Stop Loss: 136.04 (-10.90%)
Target: 103.13, +15.93%, 1.46 RR ratio
TTWO 10/10/2022TTWO
Daily chart review.
Taking a take two
This one is straight forward.
TTWO is currently in a downtrend.
It’s been bouncing between 133 resistance and 121 support.
Price broke down from 121 support and has now pulled back. This is my opportunity to enter trade short
Entering trade short
Entry: 118.67
Stop loss: 125.49
Target: 103.14
Iron Condor for a 10/28 ExpirationIron Condor for a 10/28 Expiration.
(Earnings are 11/7).
+1 $160
-1 $155
-1 $85
+1 $80
Iron Condor Idea for a Dec. 16th Expiration. RiskyThis seems risky for a number of reasons, (earnings in Nov., the eternity of time till expiration, unpredictable economy, etc.).
I may place an order to try to get filled with a $1.00 limit price, (for a $100 credit), instead of taking the current $0.75 credit. Or might not. To be determined! Or it might be better just to watch and learn.
Good luck!
TTWO - Short Iron Condor Trade Idea:
Expiration Dec 16th (107 Days from 8/31).
Strike Prices to create:
Long Call: $160.
Short Call: $155.
------
Short Put: $85.
Long Put: $80.
Approx. $75 credit currently (as of 8/31).
$500 Collateral.
Risk:Reward Ratio: $425:$75, or 6:1.
Short strikes can accommodate moves of 27% up and 31% down from close price on 8/30.
t2 tech stocktech stock has been rally for a while , big crash are coming for next week and big opportunity to get rich
TTWO - 40 % Shorting Opportunity is Soon to Present Itself?Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue- consistently growing since 2015, average 5-year rate at 16%
Profits – significantly dropped compared to 2021 by circa 60%
Net margin - significantly dropped compared to 2021 to 4.26%
P/E – extremely high at 131 compared to S&P500 with 21
Liabilities - debt ratio is at 0.46 which is within normal limits, Net Debt/ EBITDA is at 3.06 – no problems with debt
Conclusion – it is very likely to continue correcting deeper
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently in the corrective stage of wave 4 (see higher timeframe graph)
The bear move that has been developing since the historic high is likely to be just the first leg of this global wave 4 which can be counted as a complex WXY sequence. Where wave W is a double zig-zag, wave X is a Running Triangle, and wave Y has seen its W and X legs almost completed
The target for the final wave Y is around $86 which is at the 0.618x Fibonacci retracement level of global wave 3
This is a higher timeframe to reflect the full history of TTWO and to provide full wave count:
What do you think about TTWO and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves.
Thanks
$TTWO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $TTWO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
TTWO - Wedge to Return Price Back to ChannelA slight falling wedge can be drawn on chart as price slightly moves out of the bottom of the channel
The arrow indicates a return back to the channel which is what I think will occur
Falling Wedge patterns often end up with a bullish result
Hanging in There/Head and ShouldersTTWO is at resistance, or very close.
There are two head and shoulder patterns above price and only recently has price saw a significant decline.
Sloping neckline at 2nd H&S top.
Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle pattern becomes a 3 outside up, which is a 3 candle pattern.
Unfortunately price is closing in on a Resistance level. If price breaks this resistance level, then there will be another level, and another, and another which can make a climb back to the top extremely difficult.
Short percent is 11.6% to 12.74% depending on where you look. Short is up 21% today possibly due to the level of resistance overhead.
This stock does not appear to be going down without a fight.
EPS (FWD)
4.84
PE (FWD)
25.52
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
12.74%
Market Cap
$12.79B
No recommendation
TTWO Entering Underbought Territory in Potential Swing Play TTWO stock grew by +3.71% on Friday , stock opened at $132.13 and closed at $136.41, stock is working below 20 EMA shows that stock is bearish in nature and RSI is at 38 that shows stock is at best place to make an fresh entry. For better risk and reward make entry in this stock when it cross 20 EMA in daily chart. You can invest in this stock for short as well as long run. The average traded volume of this stock is 1.969M/day. The current market cap of this company is $15.749B. They will report fourth quarter and fiscal year 2022 ended March 31, 2022, after the market close on Monday, May 16, 2022.
24/3/2022 NASDAQ (TTWO)Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $149.12
Target Price: $146.44
Stop Loss: $154.48
A Top for Take-Two?Take-Two Interactive has rebounded after a sharp drop. Now the sellers may return.
TTWO halted its bounce around $164. That zone offered support in March and May, and resistance in August, then support again in December. Given its relevance in the last year, could it mark a top for the latest move?
Second, the 50-day simple moving average (SMA) just slipped below the 200-day SMA: a “death cross.”
Third, TTWO hasn’t made a new 52-week high in almost a year. That suggests it’s been losing traction with investors for longer than most big Nasdaq-100 stocks.
Finally, notice how TTWO is struggling to stay above its 21-day exponential moving average (EMA). Some traders may view that as a bearish indicator for the short-term trend.
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Take Two to Move Higher? Take-Two Interactive - Short Term - We look to Buy a break of 174.44 (stop at 168.88)
Daily signals are bullish. A bullish reverse Head and Shoulders has formed. Buying continued from the 61.8% pullback level of 164.18. The trend of higher lows is located at 163.50. The bias is still for higher levels and we look for any dips to be limited. A move through 174.00 will confirm the bullish momentum.
Our profit targets will be 187.22 and 193.96
Resistance: 178.13 / 195.00 / 200.00
Support: 171.00 / 164.00 / 150.00
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Wait to buy the dipTechnicals don't add up for buying the dip yet. Wait for a test of $121 support and earnings results to confirm bounce or continuation to downside.
$TTWO Long to 177TTWO entered a gap from it's previous ER and broke out of a downtrend from a few quarters back. $170c 10/29 @2.9 look nice
TTWO Juicy Entry [LONG]TTWO slipping further into that great value DCA zone in my opinion.
Trading around key support on longer and shorter timeframes. Indicators showing the stock to be very oversold with money flow at lows not seen in years.
Looking at the historical data and cyclic nature of TTWO looks like a great risk to reward entry.
** NOT INVESTMENT OR TRADING ADVICE **
Coming down to Demand Zones (150-160)TTWO is coming down to 150 or 160 again right before earnings in early August.
It could be time to add some shares or sell a put option.
$TTWO - Near long term support trendline$TTWO has been beaten down with the delays in their game launches. Last 6 earnings have beaten expectations but it has not been able to gain traction. Maybe this line will be the support it needs.
TTWO R/RTTWO has has a rough patch of late... looks like we are finding a level now where the risk reward dynamic is standing out. Keep eyes on this play.
Edu. only.
TTWO [LONG]Potentially some more downside before reversal confirmed but at a level I feel comfortable entering a LONG.
Will DCA inline with strategy as we progress near support.
** NOT TRADING ADVICE **
