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

The Double Bottom pattern has been formed on #NTDOY M5. Characteristics: the support level 23.17; the resistance level 23.26; the width of the pattern 9 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 8 points.

The Bullish pennant graphic pattern has formed on the #NTDOY M30 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 23.76.

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 23.37, with the prospect of the next move being a projection of the flagpole height.

The Bearish pennant pattern has formed on the #NTDOY M15 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 21.80 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 Bearish pennant pattern has formed on the #NTDOY M30 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 22.38 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 Bearish Flag pattern has been formed on the chart #NTDOY M30. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 22.38, traders should enter the market.

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 22.36; the projection of the flagpole height is equal to 54 pips. In case the price breaks out the pattern’s bottom of 22.36, the downtrend is expected to continue for further level 22.13.

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 23.15 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 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 22.97; the projection of the flagpole height is equal to 29 pips. In case the price breaks out the pattern’s bottom of 22.97, the downtrend is expected to continue for further level 22.75.

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 23.28 - 0.00 and support 23.20 – 23.20. In case the resistance level 23.20 - 23.20 is broken, the instrument is likely to follow the bearish trend.