Hanging in There/Head and Shoulders

91
TTWO is at resistance, or very close.
There are two head and shoulder patterns above price and only recently has price saw a significant decline.
Sloping neckline at 2nd H&S top.

Yesterday there was a bullish engulfing pattern. This is a 2 candle pattern. Today there was a move up which many consider confirmation of the engulfing pattern. Then the candle pattern becomes a 3 outside up, which is a 3 candle pattern.
Unfortunately price is closing in on a Resistance level. If price breaks this resistance level, then there will be another level, and another, and another which can make a climb back to the top extremely difficult.

Short percent is 11.6% to 12.74% depending on where you look. Short is up 21% today possibly due to the level of resistance overhead.

This stock does not appear to be going down without a fight.
EPS (FWD)
4.84
PE (FWD)
25.52
Div Rate (FWD)
-
Yield (FWD)
-
Short Interest
12.74%
Market Cap
$12.79B

No recommendation

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。