Take-Two Interactive (TTWO) looks interesting.
After pulling back from about $170 to $152.50, the gaming stock appears to have caught strong support and could pivot higher. The stock has become oversold on RSI, MACD, and Williams’ %R. While there are now concerns about its exact release date of Grand Theft Auto VI in 2025, it’s still on its way.
As we’ve seen from prior releases of the game, sales should be explosive, which could send TTWO back to $170. The latest pullback looks like an overreaction. Analysts at Deutsche Bank also just raised their price target on TTWO to $180 a share.
Last trading at $156.96, we’d like to see TTWO refill its bearish gap around $170 initially.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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