green_brow
Long

Nintendo Correction Over

OTC:NTDOY   NINTENDO CO., LTD
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
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.

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