Nov. 14 at 3:11 AM
$TTWO is currently showing bearish market context, indicated by an RSI of 32.16, suggesting it is oversold. The last close at
$237.55 is below both the 30-day moving average (MA30) of
$253.09 and the 50-day moving average (MA50) of
$251.82, reinforcing a downward trend. The price is also closer to the 60-day low of
$226.28 than the high of
$264.79, indicating limited upward momentum.
Suggested trade plan:
- Entry: Consider entering a short position at the current price of
$237.55.
- Stop: Set a stop loss at
$240.00 to limit potential losses.
- Targets: First target at
$230.00, aligning with recent support levels, and a second target at
$226.50, near the 60-day low.
This plan leverages the current bearish indicators and aims to capitalize on potential downward movement.
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