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

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 20.10; the projection of the flagpole height is equal to 46 pips. In case the price breaks out the pattern’s bottom of 20.10, the downtrend is expected to continue for further level 19.87.

The Bearish pennant pattern has formed on the #NTDOY M30 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 20.09, a trader will be able to successfully enter the sell position.

The Bullish pennant signal – Trading instrument #NTDOY M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 21.28, with the prospect of the next move being a projection of the flagpole height.

The Double Bottom pattern has been formed on #NTDOY M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 20.87 is broken. The further movements will rely on the width of the current pattern 10 points.

The Bullish pennant graphic pattern has formed on the #NTDOY M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 21.25.

The Double Bottom pattern has been formed on #NTDOY M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 20.92 is broken. The further movements will rely on the width of the current pattern 15 points.

According to M5, #NTDOY is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 20.91/20.90 is broken out, the instrument is likely to move toward 21.05.

The Double Bottom pattern has been formed on #NTDOY M15. Characteristics: the support level 21.02; the resistance level 21.18; the width of the pattern 16 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 14 points.

According to the chart of M5, #NTDOY formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 21.02 – 21.02 and upper border 21.17 – 21.17. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 20.96; the projection of the flagpole height is equal to 41 pips. In case the price breaks out the pattern’s bottom of 20.96, the downtrend is expected to continue for further level 20.74.