$TTWO has been in a relatively young “Go” trend since late April.
We previously saw a “NoGo” trend that took price to lows around $87. However, after failing to make a significantly lower low, price rallied out of an apparent double bottom up to horizontal resistance. GoNoGo Trend showed market uncertainty with amber “Go Fish” bars as GoNoGo Oscillator broke out of a Max GoNoGo Squeeze into positive territory. We see price then entered a “Go” trend as the indicator painted strong blue bars and the horizontal resistance was challenged again. Unable to move higher, GoNoGo Trend painted weaker aqua bars as GoNoGo Oscillator fell back to look for support at zero. Two Go Trend Continuation Icons (green circles) tell us that support was found and this resurgent momentum in the direction of the “Go” trend has given price the boost it needed to climb to a new higher high above resistance. We will look for price to consolidate at these higher levels before potentially climbing further.
