Take-Two is scheduled to report its earnings tomorrow after the US market hours. It's expected to report $0.68 on revenue of $1.35bn

Taking a look at Take-Two as the recent hype of the upcoming release of GTA 6 has been pumping its stock price higher, especially after the drastic fall throughout 2022. Currently, its shares are trading at around $122.86 a share and we can see the formation of ascending triangle. In theory, an ascending triangle indicates a potential move higher. However, as the company is expected to report its quarterly earnings tomorrow, this may not necessarily be the case. At this moment in time, the support sits at $120.83 then at $119.54, and finally at $118.12 (along the ascending trendline). A break below the trendline could see the price decline further towards $113-$114 a share. On the other hand, resistance now sits at $123.46 then at $124.82, and finally at $125.96. A move above $125.96 could see another attempt at the tough resistance in and around $128. The technical indicators are slightly mixed, MACD is negative whereas the RSI is neutral as it reads 49, but it is faltering. The bias does remain bullish even though it seems like the indicators are suggesting downside movement. A reason for this may be that the price is adjusting itself before the earnings report is released tomorrow.