SNE is hovering near the 61% Fib retracement. There is also renewed hope of a positive growth outlook among investors. Time to buy SNE?
Other tech stocks look weak or top heavy... but Sony seems to hold up well. Speculation on my part : buyers anticipate further stimulus measures in Japan, another effort to weaken the Yen etc.
We had better earnings and Sony is probably part of the gigantic Bank of Japan buy program - despite all of these facts I don`t yet see real buying. Better wait and only buy this from a solid base pattern.
The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following: The (SNE) share has broken the resistance of the trend line (red) lately. This resistance line was under the KUMO, which means that the SNE was bearish in long term. Both weekly and monthly diagram show a local bottom at $16. So the first think in mind is that $16 as you can see is a...
Scary how accurate the Ichimoku Cloud can be sometimes. (I guess SNE and Ichimoku Cloud are both Japanese so it may be more compatible :) Price riding around resistance but I'm expecting the up coming earnings to be a good one! Follow me on StockTwits: stocktwits.com
The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following: The (SNE) share has broken the resistance of the trend line (red) lately. This resistance line is under the KUMO, which means that the SNE was bearish in long term. Both weekly and monthly diagram show a local bottom at $16. So the first think in mind is that $16 as you can see is a...
The Sony (SNE) weekly chart shows the following signs: The Price of SNE after earnings and forecasting announcements before two weeks, retreat from $17,30 to almost $16 last two weeks making a gap. The MACD is in bearish sign and the RSI too. In previous weekly tech analysis I said that I expected that the stock price would made more consolidations before...
The Sony (SNE) daily 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. The MACD has given a bearish sign and the RSI too but it has reach oversold levels. All the Bad News have valued in the current price. I expect that the...
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...