NINTENDO LONGLooks like a good op on NTDOY, may be a little more downside to come (towards $60) so small entry position with DCA for me personally.
But wouldn't be surprised with a move to the upside following earnings.
** NOT TRADING ADVICE **
NTDOF trade ideas
Double Top. Nintendo is the new SegaNintendo's hardware will decrease in quality against what Sony and Microsoft will offer. Nintendo massively lagging VR and cashing in legacy content only.
I expect hardware sell to fall as everyone moves to Netflix, Steam, Microsoft online content. Nintendo will be forced to focus on creating new content for these platforms. Eventually Nintendo will become the new Sega. PT: $10
Can take up to 2y to get there
NintendoNintendo, headquartered in Japan, is a high-quality company with innovative games. This company continues to grow an outpace its competition.
With the current market sentiment and growth and continued recovery, I believe that Nintendo will make a creative investment.
benchmark target: 80000 JPY
7974 - Nintendo Co Ltd (exp. 10% increases in 2 weeks)Trend shows a strong sign that price will bounce from support and reach resistance level within 2 weeks.
NTDOY to 90$ in 2021? (Swing and Long term trade idea)I have been in a NTDOY swing earlier this year catching the run from November to Jan. For some odd reason (and I know we shouldn't trade on emotion) I kind of miss holding NTDOY. So, I had told myself I would look into a long-term entry at some point in time in 2021.
Fundamentals:
> Pays a nice dividend (although fluctuating based on profit)
> Not a Sony, not an XBox -- but better? The flagship switch is a handheld + a TV plug-in console. Meanwhile, Nintendo holds great nostalgic IP with Mario, Zelda and gang, which makes it a product millennial parents want to return to for their kids too.
> Theme park -- Although not the scale of Disney, Nintendo's partnership with Universal will lead to the opening of parks across Tokyo (opened now) Florida, Hollywood, and Singapore by 2025. Unlike Disney where they keep the revenue, Nintendo's deal appears to be mainly through licensing. But, more than how much revenue Nintendo can make here, the big shift is how Nintendo is diversifying. This is what you want to see in a long-term stock.
> Cathie Wood -- ARKK was investing big on NTDOY from the Nov drop and kept buying the stock consistently until March, which is when they started selling a little. A quick look at ARKK's holdings and you note Nintento is still a top 25 holding as off March 11, while (and I manually calculated this seeing they sold a little on March 11 and 12) -- they hold roughly about 4,595,000 shares of NTDOY in their portfolio today. This tells me that while Nintendo isn't viewed as Tesla style innovation play, there are still big things expected from their expanding eco-system in order to create value.
> It doesn't end at the Switch. Nintendo has been rumored to be launching a new Nintendo Switch 2 (Switch Pro) device. This was expected to be announced Q1 2021, but with COVID, this has been pushed to 2022.
Strategies:
Swing:
I am not getting into a swing here. But, for anyone interested, it's not a bad set up in my opinion. From where the stock is at present, there could be a 14% upside in the coming month.
Enter - $69-70
Profit target: 14% upside with 80$ Profit target
SL set just below 64$
Long-term strategy (hold until 2022 or beyond):
I expect some risks towards summer of 2021 (or later in the year?), which could see the price in the range of 57-62$ for a great long-term entry.
I would personally think for a long-term strategy, enter in the $68-70 range as an initial position and dollar cost average down if the weakness comes through. NTDOY is just bouncing off the 200 MA currently, so you're not buying at a high starting price.
Compared to many other gaming stocks, Nintendo is well-aged and reliable and still very relevant. It is a slower moving stock than some other gaming stocks, but if you're looking for a reliable long-term play, this seems like a great dividend paying play to keep in the bag.
Good luck traders.
NintendoWho we are
Nintendo's mission is to put smiles on the faces of everyone we touch. We do so by creating new surprises for people across the world to enjoy together. We've forged our own path since 1889, when we began making hanafuda playing cards in Kyoto, Japan. Today, we’re fortunate to be able to share our characters, ideas and worlds through the medium of video games and the entertainment industry.
Nintendo of America, established in 1980 and based in Redmond, Wash., is a wholly owned subsidiary of Nintendo Co., Ltd. We are committed to delivering best-in-class products and services to our customers and to investing in the well-being of our employees as part of the global Nintendo family.
1. Nice lineup of games releasing this month and the new Switch!
2. Financials are BOOMING!
3. Summer coming up in a COVID summer!
My name is Ski Mask and I've been making bad decisions all my life....
Strike Price: $78
A bright future for NintendoVideo game stocks have proven to be popular this week (GameStop mania). While you won't see the same returns as GME, Nintendo is a more stable investment of the brand that many of us grew up with. This company has potential for further growth in their neighbouring China.
“China is important to Nintendo because the country does not yet have a console culture in the same way that the U.S. or Japan does, which represents a growth opportunity for the company.”
Source:
Search Reuters article titled: Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch. (TradingView doesn't allow me to post the link.)
The orange line represents the NIKKEI futures index. Compared to Nintendo there's a short term crack in correlation ("manipulation"), stocks are being suppressed in anticipation for the earnings come February 1st. Historically February has shown to be a bullish month for Japanese equities.
There is an old high at 73 200 yen which will inevitably be traded through. A quick move to the upside is to be expected, while this stock is also an excellent long term hold in your portfolio.
NTDOY - Cup & Handle, once again nearing All time highs. Nintendo with a nice little retest after it's long term breakout.. Video Game stocks leaders heading into their busiest time of the year.
Buying opportunity - Nintendo Switch Hybrid console 2021OTC:NTDOY TSE:7974
With rumours around a new Nintendo Switch Hybrid now coming out in 2021, and seeing key investors (such as ARK Investments) are regularly loading up on NTDOY, I expect a bullish uptrend.
My near-term prediction, it will re-test the support to push upward.
I will increase my position when it touches around 53600 - 53700
Please like and comment -- always good to hear more ideas
NTDOY - Moving up - Perfect swing or long holdRSI passing 50 - gaining momentum
EMA200, EMA100, EMA100 all passed - Minor gap to pass EMA50
CMF moving well above 0 - increased buying pressure
MACD moving fast towards bullish
Room to dipWaiting patiently... Targeting USD 60.6 entry. over next couple of weeks Keep watching that RSI
NTDOY Patient Fib 0.618 to 0.786 playNTDOY closely follows a fib play drawn from the obvious March COVID low to a recent high. This causes the fib lines to line up with the price lines. See description on chart.
Re-exploring NTDOYRe-exploring..
Harmonics -
Bearish Butterfy micro,
Bearish Shark micro,
Bullish Cypher Mico
and Bearish Butterfly Macro
It appears to be in overbought territory (for now) IMO..due for a pullback. The magnitude of the pull back is the wild card. The beginnings of pullback/reversal are nearing around 74-76. The embedded harmonics are in overdrive. Could have several areas of possible re-entry at 68,58,or 50 dollars.If the Cypher bounce is in play we go much lower before a re-entry if the pullback is deep.
HOWEVER, for the DIE HARDS we have seen bearish shark formations pump this stock up over and over and we also have an embedded bearish shark playing out to the upside here.. and if it it dominates it can take us up very quickly to the completion of the macro pattern!
Best case scenario is a bullish bounce from 66-70 to the upside.. and with seasons changing a surge in demand for gaming tech could make this happen and push this upwards more- so do not rule out check up bounce despite the butterfly formation completing. Bearish patterns can have small re-tracements that point price action back to the upside on heavily demanded equities.
With the volatility in the macro market its difficult to project out. So I do have Elliot Wave in here for the 2nd leg of the Macro pattern - with the butterfly terminating on the 5th wave (making the shark call very difficult)...but keep an eye on price action.. if it goes over 74 in the near future its very bullish.
Youll need to scroll out on the chartprice for the Macro Pattern target to be seen. Its early to call the macro.. but we have 3 legs of it already completed on the harmonic Remember this Macro Harmonic could promote a truncation of the price action to the downside, so watch for the resistance pt (red line). Ideally pricing would want to support here- rather than fight this level. Below 67 long term and we want to use some caution for long term outlook.
For deeper pull backs- split the diff on the entry points- and we may see price action slowly decline and consolidate between 68 and 55 with a possible shakeout to 50 before macro pattern resumes. With seasons changing (people staying indoors more) the consolidation may not last long.. and then again it could go for months if this doesnt go the bullish route.
This just what I see for now.
Things are definitely running hot and pulling back across the board. Unemployment up- US Dollar weakening as well. The markets are tightening up and so I have to use more than 1 system for my analysis. We have Gann, Elliot and Harmonics here. Macro markets are slowly squeezing / behaving in tricky fashion for traders. Sets your stops - make those profits!
Leave comments below for other charts. Tips are welcomed!
Cheers!
Nintendo Reaching for all Time Highs - SlowlyOTC:NTDOY Seems to be slowly tracking for previous all time highs of around 78$ a share. I am long over all, however we are coming up on a momentum reversal on the daily as the RSI has crossed downward from oversold territory. MACD is also showing the same. This is my first published idea and would love for you to tear it apart and tell me why.
I think its possible Nintendo will come gently down to test lower support levels before finally moving up and testing all time highs and possibly beyond. We are also on the cusp of a new Console Cycle what with XBOX and Playstation coming out with new consoles. While Nintendo has generated new revenue streams I am not sure what they have in store for Covid Christmas time. Time will tell. I am selling some of my shares now 68-70$ so that I can buy the next potential long term dip while holding the rest for a target of 78 - 82$ for an additional 12% a share from where we are now.
This is not financial advice but the ramblings of an Old Bearded Gamer Guy.
Trade Safe, Stay Safe.
NINTENDO making moves!! Pretty much straight forward. Nintendo has seen 400% gains since its lows... there may be a bit more meat on this bone if the pullback and bullish bounce occurs. Short term- bearish.. Long term- bullish. Looks like a bullish cypher is setting up and I am anticipating the bounce will lead us to complete the other monster bearish patterns to the upside for additional gains. We have a beautiful butterfly and crab formations. These are monster harmonics in play and are for the long term investor - these will take months and years to complete... so time will tell.
*CHEERS WOLF PACK***
