Nintendo Co Ltd - Weekly

Nintendo?s performance level has a bullish outlook. Creating opportunity for a potential buy in the mid-term.

From a technical aspect, the stock price is at Ұ61,025 (£373.76) and it is in a bullish position. The resistance level sits at Ұ64,632 (£395.76) which is the upper green trendline in the ascending triangle. A break above this could see the stock climb in the direction of Ұ69,085 (£423.03). Towards the downside, an established level of support sits at Ұ55,950 (£342.60), which is the lower green trendline of ascending triangle. A break below this could see the stock slide further towards the next support level of Ұ51,455 (£315.07). Looking at the indicators, MACD is showing a neutral stance and RSI reads 55 suggesting neutral but on the verge of being positive. Overall, this share is bullish and one to keep an eye on, as a bounce higher could occur if the support level holds.