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Take-Two Interactive (Rockstar Games) has announced the release date of GTA6 (finally).
This concludes the GTA6 trade.
For those that don't know, it's usually very profitable to 'front run' the release date of a major game in production. Usually 1-2 years in advance BEFORE they announce the release date. Once you start hearing teasers or announcement of it, you wait a few months & then start buying.
However now that the release has been given, the early money will start taking profits and likely cause a significant retracement.
OBV is showing a Double-Top on $TTWO. There's a 'Bump & Run' pattern showing on the 1D. I would expect a relief bounce up towards the dotted line I show on the chart and then a drive downwards to break support.
Entry: $226 - $236
TP: $163
SL: $260
R:R = 2.1+


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