Technical Analysis of Financial Markets

Monday, June 05, 2006

Take-Two Interactive Software, Inc (TTWO)

Multiple levels of resistance here, first at the 50-day moving average. If it overcomes that then next resistance is the June 2005 downtrend-line where it meets resistance at the 200-day moving average. Overcoming the 200-day moving average and June 2005 downtrend-line puts it in the path to contest with the 61.8% Fibonacci retracement level from the June 2005 high where the downtrend began. Volume and OBV should dictate whether these resistance levels can be overcome. Cross-post:

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