Verified Investing on $TTWO (Nov 9, 2026)
Take-Two is expected to keep producing good news, including possible online-play discussions in early 2027 and perhaps at CES; GTA6 on Nov 19 is expected to be the biggest game ever. The pre-earnings drop was crucial; the bounce is a great buying opportunity, with the 618 Fibonacci level at $18,548 not reached and entry watched on a pullback toward the rising trend line.
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Now, we finally turn to the earnings of a company that has been making headlines this week and next. Business owners, beware! We have a brand new game coming out on November 19th.
Grand Theft Auto 6 is expected to be the biggest game ever. I bet many will be absent from work that day or the next. I have certainly thought about it, I can't lie to you. But here we see the market's reaction following today's earnings announcement.
Prices dropped to $19,750, then suddenly rose to $221. The main buying level here was here. If we look at the Fibonacci levels, we will find a strong support level as well, if I remember correctly.
Here, let's calculate it roughly. You see this amazing level 618, $18,548. The price did not reach this level at this low point. It should have recorded a new higher peak, but look at that drop just before the earnings announcement.
That was the crucial point. A great bounce opportunity that lifted the price to 221. You might now be saying, "Well, Drew, I missed the train. Where can I get in?" Watch the price action at tomorrow's close, then watch for any pullback towards the upward trend line around
I expect good news to continue for Take 2, with potential discussions about online play in early 2027, and possibly even at the Consumer Electronics Show (CES) in Las Vegas.
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