Thursday, 27 October 2016
NISHOKU TECHNOLOGIES INC. PROVIDING PLASTIC
Apparently Nintendo is being provided with plastic parts for their Nintendo Switch console. Nishoku Technologies Inc. which specializes in the design, development, manufacture and distribution of plastic molds and plastic injection components is the apparent suppler. Their stock price is currently 76.30 TWD and the monthly stock chart indicates that it has reached a high on Oct. 25, 2016 at 77. 80 TWD. If i go short on this I would expect it to go bearish as a high was already reached. However I think the position which will receive more gains is a bullish position with consideration that they indeed are providing parts to Nintendo's latest iteration of console.
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