Gaming software giant Take-Two Interactive Software ( TTWO) is due to report its latest quarterly figures to shareholders and analysts after the close of trading Monday. Let's see what the charts are doing. 
In the daily bar chart of TTWO, below, we can see that the shares were cut in half from November to May. Longer-term investors are sometimes attracted to this kind of percentage correction. Prices are trading below the declining 50-day moving average line and below the bearish 200-day line.
Trading volume has been busy since January and tells us that we may have seen a shift in ownership from weaker hands to stronger hands. The On-Balance-Volume (OBV) line has only declined from February and shows a recent "uptick" which is encouraging.
The Moving Average Convergence Divergence (MACD) oscillator is pointed down but has narrowed in recent sessions so we may see a cover shorts buy signal in the days ahead.
In the weekly Japanese candlestick chart of TTWO, below, we can see a potential hammer bottom reversal. This looks like the right pattern and is in the right location (in a downtrend) but we still need to see some bullish confirmation this week.
The candles will move before the indicators -- the OBV line is pointed down, the MACD oscillator is bearish as is the 40-week moving average line.
In this daily Point and Figure chart of TTWO, below, we can see that the shares reached and exceeded their downside price target in the $131 area.
In this weekly Point and Figure chart of TTWO, below, we can see that the shares reached and exceeded a downside price target of $129.
Bottom-line strategy: I have no special knowledge of what TTWO is going to report after the close of trading Monday but the current state of the charts and indicators suggest the worst is priced in and some sort of rebound rally is possible. Only nimble traders need apply.
