Game Trader: video game and tech stock chart analysis - October 2018

The stock market is heading into the fourth quarter of 2018, and Shacknews has some key levels to watch in your favorite video game and tech stocks.

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As the global stock market enters into the fourth quarter of 2018, many institutional investors take a look at the "technicals" of their portfolio of stocks. Technical analysis does not factor in fundamentals, the study of a company's financial statements, but merely looks at charts. I have put together a longer look at all of the stocks in our Game Trader coverage universe. Each quarter, there are some stocks that set themselves up for a multi-month trade. This video highlights a few key levels to pay attention to across a number of stocks. Please take a look.

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I will be putting together a fundamental analysis feature to go live in the near future. I do plan on updating our Game Trader video game and tech stock ratings to account for changes in my opinions on the overall market and stocks like Facebook. 


Full Disclosure:

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

Long Apple via AAPL shares and options

Short Facebook via FB options

Long GameStop via GME shares 

Long Nintendo via NTDOY shares

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