Game Trader: The Nintendo Switch Launch Stock Trade is Over

Stock traders, check out this video to find out why the fast money trade on the Nintendo Switch launch is over.

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Readers and viewers of the Game Trader feature here at Shacknews know that I am somewhat of a perma-bull on Nintendo's stock. This doesn't stop me from looking at the company's stock objectively using chart-based technical analysis. While I believe there is still tremendous long-term upside to investing Nintendo's shares, stock traders have no reason to take a risk right now with the Big N. The Nintendo Switch launch stock trade is over.

I alerted our readers to a quarterly buy signal on Nintendo's stock chart back in April 2017. The reversal strategy upside breakout above $30.96/share netted traders a fine gain, with Nintendo's stock (NTDOY) closing just under $40/share today and having hit a 6 year high over $44/share just last month. Sadly, the stock is in no man's land right now from a technical perspective. Please take a look at this video for an in-depth look at Nintendo's stock from a technical analysis perspective.

For more videos, including gameplay and interviews, visit the Shacknews and GamerHub.tv YouTube channels.

GLOSSARY

INSIDE BAR

A candlestick formation that occurs when the entire price range for a given security falls within the price range of the previous period.

OUTSIDE BAR

A candlestick formation that occurs when the entire price range for a given security is above and below of the price range of the previous period.


REVERSAL STRATEGY

A candlestick formation that occurs after an inside bar when a stock breaks above or below the previous period followed by a breakout of the range. It is essentially an equillibrium break followed by a reversal to the other direction.

HELPFUL LINKS

For more information regarding the technical trading strategy that I use follow Rob Smith from T3 Live.

Find out more about the charting software used in this video at the Official TC2000 Website.

If you found any of the terms in the video confusing, please check out Investopedia for much more educational information.


Full Disclosure:

At the time of this article, Asif A. Khan, his family members, and his company Virtue LLC had the following positions:

Long Nintendo via NTDOY ADR

Asif Khan is the CEO and majority shareholder of Shacknews. He began his career in video game journalism as a freelancer in 2001 for Tendobox.com. Asif is a CPA and was formerly an investment adviser representative. After much success in his own personal investments, he retired from his day job in financial services and is currently focused on new private investments. His favorite PC game of all time is Duke Nukem 3D, and he is an unapologetic fan of most things Nintendo. Asif first frequented the Shack when it was sCary's Shugashack to find all things Quake. When he is not immersed in investments or gaming he is a purveyor of fine electronic music. Asif also has an irrational love of Cleveland sports.

From The Chatty

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    July 12, 2017 8:00 PM

    Asif Khan posted a new article, Game Trader: The Nintendo Switch Launch Stock Trade is Over

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      July 12, 2017 9:03 PM

      gametrader segment hype!

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      July 12, 2017 9:05 PM

      SELL EVERYTHING.

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      July 12, 2017 9:23 PM

      RELEVANT TO MY INTERESTS

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      July 12, 2017 9:26 PM

      cool vid thanks,

      lol @ pre-fukishima

    • reply
      July 12, 2017 10:09 PM

      Still waiting for the day we get denture cream reviews on the site.

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      July 13, 2017 8:13 AM

      Awesome, thanks for the video!

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      July 13, 2017 8:15 AM

      Great stuff. I was out just after E3 (hit my target, $42.xx), but I agree I think it has longer term potential.

      Specifically into this holiday and then earlier next year as the holiday numbers come out. I think it's the 'it' item this year and that should continue to drive it up. I wouldn't be surprised to see $60 by December, which assumes they sell past production estimates and continue to see good attachment from their AAA games (splatoon and odyssey in particular).

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      July 13, 2017 8:22 AM

      and with this news NTDOY is down 0.43%. Damn you Asif!