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SONY must break its ATH or lose up to 50% value.The previous attempt a year ago ended at 6973, just a couple Yuen shy of the 7010 high. This scenario is very unusual and could end badly for the stock if it fails a second attempt. But there's good news. On the 'daily' chart you'll see a clear ' diamond continuance ' formation which started on July 8th and ended around August 28th. This rare formation is an indication for volume-backed support. Having said that, the stock is likely to touch (and slightly break) the ATH, then temporarily reverse to the 14MA (to recharge), before ultimately running for a definite breakout above the ATH (right around the PlayStation 5 release date). Failing to do any of that would send the stock back towards the 'monthly' 125 moving average and lower. Succeeding in breaking the ATH will send the stock towards 9000+ in "no time".
TSE:6758
by UnknownUnicorn5323213
4519, Chugai Pharmaceutical Co. - Breakout on ascending triangleTSE:4519 Net breakout of the resistance of this ascending triangle. As always, one of the parameters for deciding whether or not to enter our trade is the Yield Risk ratio, in which winning trades allow us both to compensate for the small losses we make 60% of the time and to create that extra margin for regular profitable activity. Remember: Trading is an activity like any other and you must undertake it as a professional and not as a gambler looking for the winning trade of life ... finance.yahoo.com
TSE:4519Long
by SwissTradingSchool
1
Insomniac Games Acquired by SonyThe Japanese company Sony announced on Monday that it would buy Insomniac Games. As a result, this will make Insomniac the 14th internal studio under the Sony Interactive Entertainment banner. However, the firm has not yet closed the financial terms of the acquisition. And also, it did not give any information about it. Shawn Layden is the chairman of Sony Interactive Entertainment Worldwide Studios. Then, Layden stated, “Insomniac Games is one of the most highly-acclaimed development studios in the industry.” And he also pointed out the video game developer’s legacy of the best-in-class storytelling, and its gameplay is exceptional. According to the chairman, for years, they enjoyed a powerful collaborative partnership with the studio. And now, they will officially welcome them to be part of the Worldwide Studios family. “The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences,” Layden added. And this is only available on the PlayStation platform. In addition to that, Insomniac Games founder and CEO Ted Price announced that the firm has now greater opportunities after joining the WWS. And it will help them achieve their vision of creating positive and lasting impressions on the lives of people. Price stated, “We’ve enjoyed a special relationship with PlayStation practically since our inception.” The CEO also showed how excited they were in this latest move for their growth with WWS partners. Above all, they aim to give fresh and new experiences for the fans. “Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this,” Price added. Read more on FinanceBrokerage
TSE:6758
by Financebroker
Bonus Bonus chart: SoftBank weaknessCouple of things to unpack with Softbank, 9984: #1 Lower 78.6% high from previous peak #2 Previous peak was reversal off a massive long-term wedge resistance marking major tops from 2006 #3 Broke down from 30M SSR and key MA support #4 Softbank is super levered and materially dependent on unicorn valuations for its acquisitions to keep 9984 share price up. Softbank is now ranked up there with dumb money as it habitually overpays for acquisitions. 9984 paid $45 for Uber pre-IPO and no prizes for guessing the mark-to-market on that "investment". #5 Upward sloping wedges almost always breaks lower. Son almost lost everything during the tech bust, he has not changed his MO so why would this time be different?
TSE:9984
by WellTrainedMonkey