SONY Weekly (21) Chart Technical Analysis
The Sony (SNE) weekly chart shows the following signs:
The Price of SNE after earnings and forecasting announcements last week, retreat from $17,30 to almost $16 the last two weeks making a gap the last week (20).
The MACD has given a bearish sign and the RSI too.
I expect that the stock price will make more consolidations before shows the next movement but…
Hypothesis of Bullish turn if we see the following signs:
a) Even under the EMA200 we have a cup with handle pattern,
b) We have an invert Head & Shoulders pattern,
c) On Monday the stock opens with a bullish Gap at $16,32 so we have a morning star.
The Price of SNE after earnings and forecasting announcements last week, retreat from $17,30 to almost $16 the last two weeks making a gap the last week (20).
The MACD has given a bearish sign and the RSI too.
I expect that the stock price will make more consolidations before shows the next movement but…
Hypothesis of Bullish turn if we see the following signs:
a) Even under the EMA200 we have a cup with handle pattern,
b) We have an invert Head & Shoulders pattern,
c) On Monday the stock opens with a bullish Gap at $16,32 so we have a morning star.
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