Nintendo Co Ltd

• 2020-08-13
• Traiding Idea

Japanese video game maker Nintendo Co. said its annual profit for the second quarter of this year reached $ 1 billion since many people stayed at home during the Covid-19 pandemic.

The company's profit for the quarter ended June increased more than sixfold, from 16.6 billion yen last year to 106.5 billion yen (about $ 1 billion).

Although four years have passed since the launch of the Nintendo Switch, Nintendo's seventh generation of video game console, it remains one of the company's most popular products, and no decline in sales is expected.

As you can see, the company performs well fundamentally. Technically, the price has just broken a triangle, and Pulbeck has done.

Summary of analysis and signal : 

Active

Entry point: 50460

stop-loss: 45600

Take profit 1: 55752

Take profit 2: 68390