TTWO Take Two Interactive - $175 Price Target

0. Notes to follow;

Комментарий:

1. Stock in consolidation since May 19th, 2020;

2. Failed to break over resistance at $149.25 / $149.50 on June 7 2020;

3. Stock showing a Cup & Handle Formation, that may take place, and allow the stock to move over $150;

4. Move over $150 should lead to the top of the current channel at $175;

Комментарий:

5. Pullback in this stock to the $140 range would be a good entry point if you are looking for a longer term entry, or a swing trade to possibly the top of the channel;

6. Stock may consolidate here before moving over $150;

7. Scaling into any position here would be advisable, support in the $139.50 range, and should that fail, look for congestion and supply area at $135 for stronger entry;

- drchelsea

Комментарий:

8. Also an Asymmetrical Triangle resolved at the bottom on the Channel on June 29th, and this breakout was clearly a continuation pattern;

Комментарий:

9. Expect this to head higher after consolidation to the top of the channel;