TTWO: An Expected Move Towards And Beyond The $178 Resistance

Today’s instrument is the Take-Two Interactive Software Inc.’s stock traded in Nasdaq exchange under the ticker TTWO

When we look at the TTWO’s chart, we can it was trading in a channel between support of $158 and resistance of $166 for the past week, with no notable moves with the sole exception of the big spike during yesterday’s session, rising from the $160 and reaching as high as $178 and managing to hold on to the gains.

Take-Two Interactive Software Inc. had scheduled a quarterly earnings announcement yesterday 07/02/2022, where they reported higher than expected EPS but missed by a few million their Revenue forecast, which was enough to cause the upward move. It was last found trading at $175.02 with the closest overhead resistance of $178 and the closest support level at $166.

(Click on image to enlarge)


Today we can expect a move towards and beyond the $178 resistance, as positive momentum may be at play.

If however, it doesn’t manage to hold on to the current level then a move towards the $166 support can be expected.

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