7974 line in sand for the bulls 19020Nintendo revealed in a press release that “the game’s financial impact will be ‘limited’ and that it doesn’t expect to revise its annual forecast higher based on ‘current conditions,’” according to Bloomberg.
7974 line in sand for the bulls 19020
7974 needs to stay above 25360 and take back 317007974 needs to stay above 25360 and take back 31700 to widen trading range
Bullish Pennant Trend Continuation Pattern formed (15% gain)Bullish Pennant Trend Continuation Pattern formed, entry signal should open after Pokemongo Japan launch within this month.
When 7974 takes back 31700, 44380 comes into playWhen (not if :D) 7974 takes back 31700, 44380 comes into play but expect heavy selling pressure at 38040
Pokemon GOne CrazyWhat a screaming run off all the Pokemon GO madness. It could keep hurtling up and soar past 2015s high ... or that previous high could provide resistance and we see a tidy correction. Worth keeping an eye on tomorrow.
Nintendo can go higher upon Pokemon go crazeI suspect that the mobile game will be very successful especially in Asia. It is very successful now in US, Australia and New Zealand. It seems that the game craze will last according to my presumption up to 1 month. There could be some extra positive movements.
Nintendo: Interesting long setupI think we have a nice opportunity in Nintendo, specially if we opt for going long the yen denominated stock, since we'd gain exposure to the Yen, which I see as a good idea in any portfolio. The OTC market stock is poised to rally as well, to the order of 95% or so, with 20% downside risk in it based on the monthly setup on chart. If trading the TSE stock, you have a nice monthly long setup with 18% downside risk. There is a considerable spread when comparing Nintendo to the likes of Sony, so that might also be a good setup to check out (pair trade).
Setup #1: Go long 7974 or NTDOY, risking 20% downside, aiming for a 100% return within a year.
Setup #2: Short an 85% size position in SNE and long 100% size on NTDOY (risking 1% at 11.90% and 13.91% from entry respectively)
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Mitsubishi This has fallen around 50% on the fuel scandal news. Stock has been keep it support level and we can see the red bars are getting smaller and smaller
