sc-9

 

I was buying this name at 17 and continued to pound the table… I sold half near 30 and the other half at 38.  I took the money because I wasn’t sure that the move was real but now it appears that the move is real.  I’m not the best chart editor but it is plain to see that the move is indeed real with the Mario announcement at the Apple event.  It’s building out a classic cup and handle which is even more apparent on the 7974 Tokyo chart.  I’m buying in anticipation of the continuation which judging by my math on the pattern puts the stock at 48 on a breakout.  The best part is that this cup and handle built out of a previous downtrend and not an uptrend which makes it even more powerful.

Revisiting Nintendo… NTDOY