Nintendo Co Ltd is in short term correction modeNintendo Co Ltd is in short term correction mode
Nintendo chart has Wave 3 completed, and wave 4 in the making. It looks like there can be short term correction to make wave 4.
The chart has extended 5th wave structure. It is available in all time period chart that i have encountered.
NTO trade ideas
Nintendo Co Ltd is still bullish in long termNintendo Co Ltd is still bullish in long term
Nintendo has been positive from 2012 onwards in a motive wave, Currently the 5th extended wave is in progress.
As per the Fib Extension of 2.0 value, we expect it to go in the range of 14000. It has gone from 625 to 11800 in 4600 days or 12.5 years.
Some important months to consider are Aug 24 and Jan 26 .
The pitch form extension gives range of 12500 as target in near future months.