Head and Shoulders Be Safe! Earnings 5-18Earnings 5-18 After market Close (AMC)
Head 214.91
Left shoulder 180.60
Right shoulder 186.2
Be safe and go with your gut. Ugly tops do not always do well in a bull market. This would need to break neckline in a confirmed downtrend to become a bearish choice.
Sometimes pull backs are wonderful, sometimes they are not. This is one I would be careful about,. They may beat earnings and be back at old high. They can beat earnings and go down anyway. They could miss earnings and go up or down. Too many choices for my little brain when I look at this chart )o:
No recommendation
The neckline is strong support until broken, once broken it becomes resistance.
TTWO trade ideas
Is Take Two Overbought Too?In the case of TTWO, 6 of my algorithms signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
TTWO takeoffTTWO has got pretty badly beaten up in the last few months, suffering a 24% decline since it's last earnings.
4th of March saw TTWO smash through it's long term "covid-19" trendline, which was worrying and I'm sure for those who love to short that would've been the best opportunity...
Remember perspective is everything, it's greater long term trend wasn't in threat.
Anyway, with it dipping below it's 200 day sma (which is my number 1 "buy-the-dip" moment in solid companies) it spent a little time reestablishing a base of support around 165-167. After some wrestling with it's 200 day sma as resistance, recently it's broken free. The likely scenario now is this can climb and face it's former uptrend line as resistance. If it overcomes this, along with regaining its 50 day SMA, this period may be over.
Take Two InteractiveMission:
THE FUTURE IS IN YOUR HANDS The interactive entertainment industry is today's most dynamic segment in all of entertainment. Creativity and innovation are among the core tenets of our organization and are integral drivers of our continued success.
Recent News:
1. NEW YORK--(BUSINESS WIRE)--Mar. 16, 2021-- 2K made a hole in one today by announcing the Company has agreed to an exclusive, long-term partnership with Tiger Woods, one of the most iconic and celebrated figures in golf history. In addition, 2K announced it has entered into a definitive agreement to acquire privately-held HB Studios Multimedia Ltd., developers of the critically acclaimed and commercially successful PGA TOUR® 2K21, as well as The Golf Club franchise. The acquisition is expected to close in the first calendar quarter of 2021, subject to customary closing conditions. Financial terms of both deals were not disclosed.
2. NEW YORK--(BUSINESS WIRE)--Mar. 23, 2021-- 2K today announced the Company has acquired HookBang, LLC’s Austin-based video game division that will become part of Visual Concepts, the distinguished, wholly-owned studio and developer of the iconic NBA® 2K video game franchise. Financial terms were not disclosed.
3. Rockstar/2k Summer....
What do you think?
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Traditional|TTWO|LongLong TTWO
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
earning: Take-Two Interactive SoftwareTake-Two Interactive Software, Inc. is an American video game holding company. Investors are hoping that the elevated player engagement trends that occurred during the pandemic will carry into 2021. when we look at a forward price-to-earnings (P/E) ratio of 37, the shares might be a bit overvalued. From a technical standpoint, the stock has been on a nice uptrend, creating a base rally, base rally formation. we currently broke out of a nice inverted head and shoulder to bring us over the 200 dollar mark. Now that we are at a nice bull flag---- also a nice double bottom pattern, can earnings break above 212-216. i am expecting a price tgt of 220 post earning but ofc earning can go 50/50. we may expect a slowdown in growth based on a decrease in recurrent consumer spending on grand theft auto,2k21, and many others and so many others. if we can overcome that, that should provide the stock with more uptrend momentum. also, one key thing to watch out for is their profit margin. Ultimately, investors love to see growth in profits, especially when that growth is coming from a balance of top-and bottom-line gains. Take-Two reported a net profit increase of 21% in fiscal 2020. The company grew profits by 88% in the fiscal first quarter of 2021 and 37% in fiscal Q2.
FYI::::::::Take-Two has benefited enormously from the shift to digital distribution of games, including recurrent consumer spending. Since digitally delivered content carries higher margins, the growth in recurrent consumer spending should bolster the company's profitability over the long haul. THIS IS NOT FINANCIAL ADVICE- THIS IS USING THE FUNDAMENTALS AND A BIT TECHNICAL ANALYSIS TO GO INTO EARNING--PLEASE DO REMEMBER THAT EARNINGS ARE 50/50