Take-Two stalls again, signal on pause
Take-Two slips 2.7% as the buy signal cools in its fourth week
Take-Two stalls again, signal on pause
Our view last week
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.
This week's summary
Take-Two shares slipped 2.7% this week, the second setback in a row after last week's sharp rejection near the highs. The buy signal is in its fourth week, and sellers stayed slightly dominant on the last bar. The weekly technical analysis shows price boxed between resistance in the 241 area and support in the 236 area: the disciplined move remains waiting for a cleaner pullback before adding weight.
IQS Phase
54
ordinary
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#58 / 112
US stocks in progress
Trade P&L %
-1.09%
from signal to today
restricted Platinum content