GTA 6 anticipation supports long-term upside for TTWO; short-term risks exist but dips to ~$200 offer bounce opportunities toward new highs.

Uh next up on uh to Take-Two Interactive guys. Now, this stock does make the uh very much highly anticipated Grand Theft Auto 6 that is due to be released November 19th of this year.

Now, most recently, you could see today down 6.67% pretty decent decline. Now, this was on the back of news that there was some leaked uh uh footage of gameplay that wasn't necessarily uh validated, thinking that there could be copies or duplicates of the game, and more or less just some investor anxiety because this stock has been bubbling up near the all-time highs on the anticipation of this game being released.

Heck, this most recent run was just on the back of announcements for pre-orders actually going through and being official. So, a lot of the move up is already baked in for Take-Two Interactive for this upcoming uh big release.

However, guys, I do notice that Take-Two Interactive has been trading within an inclining parallel channel. And this game, with it being as anticipated as it is, it should be one of the most money-making games in the history of all video games.

So, likely should take Take-Two Interactive much higher,

but any sort of bad news, whether it be a delay of the release, whether it be some malfunction of some of the gameplay, can send this price on this chart down to give us a third hit of this inclining trend line.

And this area just under $200 is also the fib 382 retrace from the bottom of this parallel channel. So, that tells me this area could be very interesting, especially if we see some continued selling going into the end of the year.

Could give us that opportunity for a bounce and establish brand new all-time highs on the chart of Take-Two Interactive.