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Coiled Squeeze Setup in Video Game Maker as Gaming Sales Rise

by | Oct 8, 2024

Take Two Interactive (TTWO) shares of the video game maker are curling higher off the key support bounce near 150 and seeing a bullish MACD crossover this week as the stock closed back over its monthly POC and 8 day EMA. TTWO has room to rally up to 156 short term with a potentially explosive move setting up from this tight squeeze pattern if can close above that mark and likely target a move to 165. TTWO saw recent large buys on 9/20 for 2500 March $175/$195 call spreads that remain in OI. UK game sales rose 8% YoY in September, according to GI.biz.

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