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TAKE,TWO INTDRNTAKE,TWO INTDRNTAKE,TWO INTDRN

TAKE,TWO INTDRN

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T1TW34 trade ideas

Short video games post earningsTTWO closed higher today following a mixed earnings report and soft guidance. The stock briefly traded down to $95 post-close yesterday before rallying through today's session. Highly-correlated competitors, EA and ATVI, also posted nice daily gains as investors seem generally optimistic on the video game sector. However, this chart of the top three names in the space looks like a good selling opportunity now that we're through earnings. Using TradingView's advanced charting abilities, I created a composite of TTWO, EA, and ATVI which is indexed to 30,000. The sector had been in a strong, tight uptrend dating back to 2012 before breaking through trendline support as well as the 200-day moving average last October. Despite today's strong performance, we can see that the composite is still trading below the moving average and is contained within a contracting range. I believe the ongoing sideways price action is a Wave 4 triangle within an impulsive sequence off the high. Look for the sector to stall in coming weeks and break lower in Wave 5 - a move which should net at least 10% to the downside. Initiating short positions on TTWO, EA, and ATVI as long as the composite stays below the 200-day moving average.
NASDAQ:TTWOShort
by UnknownUnicorn182749
$TTWO Bullish indicators and Analysts into Monday's Earnings.Expectations have been rising in TTWO for this earnings season, even analysts are raising targets pre earnings which is positive. Although its competitors have had very erratic responses to good earnings, we believe that TTWO will provide a good return on an investment pre earnings. From the charting perspective it is clear that momentum is back with the bulls and breaking above the ICLOUD is a very positive sign,, a;; indicators are positive with plenty of room to run to the upside. We will probably wait until the market hopefully stabilizes on Monday before entering a long Analysts Average recommendation BUY Average target $123 14 Buy 3 Overweight 2 Hold 1 Sell Company Description Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States; Europe; Asia Pacific; and Canada and Latin America.
NASDAQ:TTWOLong
by RedHotStocks
Long - Take-Two Interactive (TTWO)- NASDAQ:TTWO broke above a falling wedge pattern in place since last summer - Prices are trading above their 20-day and 50-day EMA - MACD finally turned positive - Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards) - Target is set at an overlap level the 200-day EMA (20%) with a stop-loss at the low (8.25%)
NASDAQ:TTWOLong
by yacine.ouldchikh