The technical setup of the online game platform operator is not conducive for sustained strength.
After another GME earnings blunder and change of players, I see the stock as this: pure speculation with a strong balance sheet. But I believe the company can find a way to the next level -- though it could get zapped before getting there.
Delighting both critics and fans of the Zelda series, Tears of the Kingdom will generate ongoing revenue for years to come at Nintendo.
Let's delve into the charts and indicators.
The planned acquisition of Finland's Rovio Entertainment by Sega Sammy Holdings is yet another step in the consolidation of the video game industry.
The stock of the video game producer looks like it could trade sideways for a while, a fresh buy recommendation from an analyst notwithstanding.
These recently downgraded names are displaying both quantitative and technical deterioration.
Plus, the market needs to start paying attention to weekly continuing jobless claims, which are continuing to climb.
Traders could find these short-term risks ahead, according to my read of the charts.
The 2022 Tax Loss Selling Recovery Portfolio was a true bomb, but hope spring eternal for 2023.