Get started
axelroark

TTWO Huge Drop into Consolidation Box after Failed Breakout

Short
Take-Two Interactive Software, Inc. (NASDAQ:TTWO)  
axelroark Updated   
NASDAQ:TTWO   Take-Two Interactive Software, Inc.
Trend Analysis Chart Patterns TTWO Bearish Patterns consolidation
2
0
trendanalysis chartpattern ttwo bearish consolidation
Not looking good for TTWO as a failed breakout led to a 7% drop on 1/23/19. Clearly in a downtrend. Wants to break this box and head into demand. Will likely struggle there, but first target is 92-93.
Comment:
DCB as predicted. Now bear flagging. Should drop hard within 1-2 days.
Comment:
Still in play. Love this trade because it's forced patience on both sides through bear and bull traps. When it drops, it's gonna drop hard.
Comment:
Even if you took this trade and were stuck looking to cover, today would've been your chance to sell flat. Still holding until it reaches target.
Trade closed: target reached:
Finally took an earnings related dump. Case closed.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.