TTWO broke a declining trend line; upside target is $233, support at ~$204.

Uh, next up into Take 2 Interactive. Now, this has a little bit different of a twist. This, uh, company does uh, create Grand Theft Auto, which is due for a heavy release in November.

One that's been anticipated for well more than a decade, guys. This, too, is anticipated to be the biggest game launch ever. And, uh, which means big big money.

Now, a lot of this was built into the rise that we've seen and really bubbling up into these recent double top highs. And so, I thought a lot of this uh announcement or at least this release was already baked in and thus profit takers have pushed price right back down.

But today, a nice winning day of 2.76% breaking this declining trend line. And what do we know about broken trend lines? Well, price wants to go back up and test where it has broken at up here at $233.

I've got a very interesting level had price not bounced and we could still see further selling. But you see on this inclining trend line back from August uh 7th of 2024 connected over to these most recent significant pivots and that brings about a support level right down here just above $200 right around $24.

Now, we'll throw in another level of reasoning for this support region. And I'll pull pull out my Fibonacci sequence retracement tools. And look here, guys. The 786 fib retracement comes in right here, right where I already highlighted, right around $24.

If we do see some continued selling, that should be a pretty nice spot for a near-term technical bounce that could take us at least up to these low pivots, potentially as high as this broken declining trend line.

here on Take Two, a broken trend line to the upside.