Rejected at the highs, the buy signal holds
Take-Two drops 4.6% after a firm rejection at the highs, weekly structure holds
Rejected at the highs, the buy signal holds
Our view last week
Take-Two Interactive is in week 2 of a buy signal and already up 6.57% since entry. The confirmation week closed lower, but the indication is still to hold the position unchanged: the setup quality indicator sits at 70 out of 100, signal strength is medium-weak. The stock ranks 83rd among the 125 buy positions already running for US stocks.
This week's summary
Take-Two brushed a fresh 7-day high near 266 this week, only to get firmly rejected: the week closes down 4.6%, with sellers extremely dominant on the last bar. The buy signal is in week 3 and the trade is still in the green, up 1.64% since entry, with signal strength at 55 out of 100. Last week's confirmation already closed bearish with a hold call, and this week's price action backs the same caution.
IQS Phase
47
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#69 / 129
US stocks in progress
Trade P&L %
+1.64%
from signal to today
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