Nintendo finished its ABC correction and has begun a new impulse wave. Breakout above bull flag confirms uptrend. MACD formed a bullish cross over and the Stoch is trending up. RSI is approaching oversold on the daily, so there may be a slight pullback in the near future, but its still < 50 on the weekly. First target is the 78.6% fib, which was a previous support level. This is about $49 - $50. Next is the 100%, ie the previous high, at about $57.
My opinion not financial advice
My opinion not financial advice
Comment:
Bull flag forming. Approaching support, look for rebound and breakout. Outlined next level if the flag breaks down (old resistance line, 100 SMA, 61.8%). Price will trend a little lower; waiting for the Stoch RSI cross.
