Dec. 11 at 10:51 PM
Actionable Trade Alert for
$TTWO:
Market Context:
$TTWO is currently trading at
$243.54, showing a strong upward momentum but is approaching overbought territory with an RSI of 64.32. The stock is near its 30-day moving average of
$244.02 but below the 50-day MA of
$249.23, indicating potential resistance ahead.
Directional Bias: The recent high of
$264.79 suggests bullish potential, while the low of
$227.25 provides a solid support level. Given the RSI and proximity to the 30-day MA, we anticipate a slight pullback before a continuation of the upward trend.
Trade Plan:
- Suggested Entry:
$243.00
- Stop Loss:
$239.00 (4.1% below entry)
- Take Profit Targets:
1.
$250.00 (2.9% gain)
2.
$257.00 (5.8% gain)
3.
$285.00 (17% gain)
This plan offers a favorable risk-reward ratio, with a potential 17% ROI at the third target. Monitor closely for market conditions that may affect performance.
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