$SNE buying the dip
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team originally entered Sony
SNE at $92.33 in 2021 and captured massive gains on the Japanese tech giant before selling at $125 per share last year in December.
SNE was hit badly along with other tech players in its industry recently. This means it's not a bullet-proof play despite its current undervaluation. However, the Japanese economy is looking better than most, and SNE has also been tapping into multiple markets such as music, film, semis, gaming and many more.
Another good mention is that there has been more news regarding semiconductor competitiveness among countries recently. This means that countries like the US and Taiwan will be pouring more money into companies from their homelands that produce these computing chips. These chips are used in the production of PlayStation 5 systems, and by selling more systemsSNE can greatly increase its stream of revenue once the semiconductor crisis is adverted.
My team has started a new position inSNE today at $110 per share. Our first take profit is at $140.
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team originally entered Sony
SNE at $92.33 in 2021 and captured massive gains on the Japanese tech giant before selling at $125 per share last year in December.SNE was hit badly along with other tech players in its industry recently. This means it's not a bullet-proof play despite its current undervaluation. However, the Japanese economy is looking better than most, and SNE has also been tapping into multiple markets such as music, film, semis, gaming and many more. Another good mention is that there has been more news regarding semiconductor competitiveness among countries recently. This means that countries like the US and Taiwan will be pouring more money into companies from their homelands that produce these computing chips. These chips are used in the production of PlayStation 5 systems, and by selling more systems
SNE can greatly increase its stream of revenue once the semiconductor crisis is adverted. My team has started a new position in
SNE today at $110 per share. Our first take profit is at $140.If you want to see more, please like and follow us SimplyShowMeTheMoney
Note
stop loss has been added at $109Trade closed manually
Exited at $110.84 with a tiny gain of %0.74
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.