TTWO
Updated
The TTWO stock shows strong indicators on the weekly and monthly timeframes, including moving averages and MACD. The stock has formed a triangle pattern on the daily chart, which has been activated with a breakout above the last high. Additionally, it's forming a descending channel on the weekly timeframe, and is currently near its upper boundary. We're preparing for a potential breakout.
There are two scenarios:
Enter directly with the breakout of the descending channel.
A weaker scenario: we wait for a possible pullback from the upper boundary of the channel to test the triangle's lower boundary, then enter a buy position with a stop loss placed below the triangle's last low.
Our price targets are between $17.90 - $179.90, with the possibility of exceeding this range to reach $189.22. It might extend further to $247. The stop loss is set at $145.
There are two scenarios:
Enter directly with the breakout of the descending channel.
A weaker scenario: we wait for a possible pullback from the upper boundary of the channel to test the triangle's lower boundary, then enter a buy position with a stop loss placed below the triangle's last low.
Our price targets are between $17.90 - $179.90, with the possibility of exceeding this range to reach $189.22. It might extend further to $247. The stop loss is set at $145.
Trade active
it has achived target 1Trade closed: target reached
"We have reached the main target as we discussed. Now, we recommend exiting and monitoring the area as a correction is expected from this point."
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