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NTDOY to 90$ in 2021? (Swing and Long term trade idea)I have been in a NTDOY swing earlier this year catching the run from November to Jan. For some odd reason (and I know we shouldn't trade on emotion) I kind of miss holding NTDOY. So, I had told myself I would look into a long-term entry at some point in time in 2021. Fundamentals: > Pays a nice dividend (although fluctuating based on profit) > Not a Sony, not an XBox -- but better? The flagship switch is a handheld + a TV plug-in console. Meanwhile, Nintendo holds great nostalgic IP with Mario, Zelda and gang, which makes it a product millennial parents want to return to for their kids too. > Theme park -- Although not the scale of Disney, Nintendo's partnership with Universal will lead to the opening of parks across Tokyo (opened now) Florida, Hollywood, and Singapore by 2025. Unlike Disney where they keep the revenue, Nintendo's deal appears to be mainly through licensing. But, more than how much revenue Nintendo can make here, the big shift is how Nintendo is diversifying. This is what you want to see in a long-term stock. > Cathie Wood -- ARKK was investing big on NTDOY from the Nov drop and kept buying the stock consistently until March, which is when they started selling a little. A quick look at ARKK's holdings and you note Nintento is still a top 25 holding as off March 11, while (and I manually calculated this seeing they sold a little on March 11 and 12) -- they hold roughly about 4,595,000 shares of NTDOY in their portfolio today. This tells me that while Nintendo isn't viewed as Tesla style innovation play, there are still big things expected from their expanding eco-system in order to create value. > It doesn't end at the Switch. Nintendo has been rumored to be launching a new Nintendo Switch 2 (Switch Pro) device. This was expected to be announced Q1 2021, but with COVID, this has been pushed to 2022. Strategies: Swing: I am not getting into a swing here. But, for anyone interested, it's not a bad set up in my opinion. From where the stock is at present, there could be a 14% upside in the coming month. Enter - $69-70 Profit target: 14% upside with 80$ Profit target SL set just below 64$ Long-term strategy (hold until 2022 or beyond): I expect some risks towards summer of 2021 (or later in the year?), which could see the price in the range of 57-62$ for a great long-term entry. I would personally think for a long-term strategy, enter in the $68-70 range as an initial position and dollar cost average down if the weakness comes through. NTDOY is just bouncing off the 200 MA currently, so you're not buying at a high starting price. Compared to many other gaming stocks, Nintendo is well-aged and reliable and still very relevant. It is a slower moving stock than some other gaming stocks, but if you're looking for a reliable long-term play, this seems like a great dividend paying play to keep in the bag. Good luck traders.
OTC:NTDOYLong
by Karam08
1
NintendoWho we are Nintendo's mission is to put smiles on the faces of everyone we touch. We do so by creating new surprises for people across the world to enjoy together. We've forged our own path since 1889, when we began making hanafuda playing cards in Kyoto, Japan. Today, we’re fortunate to be able to share our characters, ideas and worlds through the medium of video games and the entertainment industry. Nintendo of America, established in 1980 and based in Redmond, Wash., is a wholly owned subsidiary of Nintendo Co., Ltd. We are committed to delivering best-in-class products and services to our customers and to investing in the well-being of our employees as part of the global Nintendo family. 1. Nice lineup of games releasing this month and the new Switch! 2. Financials are BOOMING! 3. Summer coming up in a COVID summer! My name is Ski Mask and I've been making bad decisions all my life.... Strike Price: $78
OTC:NTDOYLong
by Redimere_91
A bright future for NintendoVideo game stocks have proven to be popular this week (GameStop mania). While you won't see the same returns as GME, Nintendo is a more stable investment of the brand that many of us grew up with. This company has potential for further growth in their neighbouring China. “China is important to Nintendo because the country does not yet have a console culture in the same way that the U.S. or Japan does, which represents a growth opportunity for the company.” Source: Search Reuters article titled: Exclusive: Nintendo ships 1 million Switches in China since late-2019 launch. (TradingView doesn't allow me to post the link.) The orange line represents the NIKKEI futures index. Compared to Nintendo there's a short term crack in correlation ("manipulation"), stocks are being suppressed in anticipation for the earnings come February 1st. Historically February has shown to be a bullish month for Japanese equities. There is an old high at 73 200 yen which will inevitably be traded through. A quick move to the upside is to be expected, while this stock is also an excellent long term hold in your portfolio.
TSE:7974Long
by Liquidate
Re-exploring NTDOYRe-exploring.. Harmonics - Bearish Butterfy micro, Bearish Shark micro, Bullish Cypher Mico and Bearish Butterfly Macro It appears to be in overbought territory (for now) IMO..due for a pullback. The magnitude of the pull back is the wild card. The beginnings of pullback/reversal are nearing around 74-76. The embedded harmonics are in overdrive. Could have several areas of possible re-entry at 68,58,or 50 dollars.If the Cypher bounce is in play we go much lower before a re-entry if the pullback is deep. HOWEVER, for the DIE HARDS we have seen bearish shark formations pump this stock up over and over and we also have an embedded bearish shark playing out to the upside here.. and if it it dominates it can take us up very quickly to the completion of the macro pattern! Best case scenario is a bullish bounce from 66-70 to the upside.. and with seasons changing a surge in demand for gaming tech could make this happen and push this upwards more- so do not rule out check up bounce despite the butterfly formation completing. Bearish patterns can have small re-tracements that point price action back to the upside on heavily demanded equities. With the volatility in the macro market its difficult to project out. So I do have Elliot Wave in here for the 2nd leg of the Macro pattern - with the butterfly terminating on the 5th wave (making the shark call very difficult)...but keep an eye on price action.. if it goes over 74 in the near future its very bullish. Youll need to scroll out on the chartprice for the Macro Pattern target to be seen. Its early to call the macro.. but we have 3 legs of it already completed on the harmonic Remember this Macro Harmonic could promote a truncation of the price action to the downside, so watch for the resistance pt (red line). Ideally pricing would want to support here- rather than fight this level. Below 67 long term and we want to use some caution for long term outlook. For deeper pull backs- split the diff on the entry points- and we may see price action slowly decline and consolidate between 68 and 55 with a possible shakeout to 50 before macro pattern resumes. With seasons changing (people staying indoors more) the consolidation may not last long.. and then again it could go for months if this doesnt go the bullish route. This just what I see for now. Things are definitely running hot and pulling back across the board. Unemployment up- US Dollar weakening as well. The markets are tightening up and so I have to use more than 1 system for my analysis. We have Gann, Elliot and Harmonics here. Macro markets are slowly squeezing / behaving in tricky fashion for traders. Sets your stops - make those profits! Leave comments below for other charts. Tips are welcomed! Cheers!
OTC:NTDOY
by Moorsc0de
3