FX.co ★ Patterns #NTDOY | Nintendo Co., Ltd. Stock Price

The Double Bottom pattern has been formed on #NTDOY M5; the upper boundary is 75.39; the lower boundary is 75.18. The width of the pattern is 22 points. In case of a break of the upper boundary 75.39, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 75.11 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Bottom pattern has been formed on #NTDOY M15. Characteristics: the support level 75.77; the resistance level 76.06; the width of the pattern 29 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 31 points.

According to M5, #NTDOY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 78.74/78.74 is broken out, the instrument is likely to move toward 78.89.

According to the chart of M5, #NTDOY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 78.84 - 0.00 and support 78.62 – 78.62. In case the resistance level 78.62 - 78.62 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, #NTDOY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 79.46, the lower border is 79.22. The signal means that a long position should be opened above the upper border 79.46 of the Bullish Rectangle.

The Triple Bottom pattern has been formed on #NTDOY M15. It has the following characteristics: resistance level 79.43/79.36; support level 78.98/78.97; the width is 45 points. In the event of a breakdown of the resistance level of 79.43, the price is likely to continue an upward movement at least to 79.22.

According to the chart of H1, #NTDOY formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 78.05 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the #NTDOY M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 78.67 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Double Top pattern has been formed on #NTDOY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 78.73 is broken, the downward movement will continue.