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SNE trade ideas

SONY breaking out for the chargeBeen consolidating for a while but finally broke the bearish structure recently and is starting to head north towards to key areas of resistance. Already got a position from the consolidation but looking to possibly add to the position if we retest that upper band of the previous consolidation. Ideally not a fan of buying into resistance but it seems to have some momentum from below so, could have some legs and my original position is already well in profit.
NYSE:SONYLong
by DeNomics
1
Buy SonyFundamentally there was great growth in 2020 and this year. Now I am going to list the pro and cons of this company. Buying point: -a lot innovation for example in gaming->VR, PS5 ; streaming-> Crunchyroll Music (5% growth), electronics 9,4% , Imaging & Sensing over 10% -right in a support field -exactly at under trend line of the triangle ->since May, 21 + Oct., 20 -hit the SMA 100 -up the SMA 200 -weekly MACD indicates buying momentum -great quarter ->bullish momentum Selling point: -diversification leads to some sectors with slow-to-none growth (influences negatively momentum) -monthly MACD indicates declining of buy momentum -weak forecast of companies like take-two Conclusion Starting with the fact that we have a lot more pro arguments, I am really convinced in this stock and will be watching to buy it the next week. Everything is possible from short-long term investments. One opportunity I would consider is to go long and „ride the wave“ until the upper trend line which results in a Risk/Reward of 3,4.
TSE:6758Long
by Chrlstlan
SONY| Very favourable set-up into EarningsHey all, so yesterday's sell-off is giving us a very favourable technical set up coming into Earnings next week for SONY. Looks like a no brainer in my opinion since: 1. Upcoming earnings catalyst and SONY is very likely to beat 2. Price is tapping its Daily 200-day MA once again, and hasn't lost it since March 2020... 3. Price is at the tight end of a rising wedge formation. Sure there is no guarantee of a bullish reaction here, but combined with the above points it's looking for more favourable than not. Furthermore, downside looks very limited, to the areas marked in red on the chart. Volume has also been quite weak, something to keep in mind. Risk / Reward set up looks very favourable here. Any thoughts?? Good luck to all! (*This is not financial advice, for sake of discussion and illustrative purposes only*)
NYSE:SONYLong
by InvestEmi
$SNE looks ready to play*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 entered into $SNE at 92.33 after its correction from $118 down to $90. $SNE currently sits at just $99.59 per share. Current price action suggests that $SNE is gearing up for its next move up. If you want to see more, please like and follow us @SimplyShowMeTheMoney
CAPITALCOM:SNELong
by SimplyShowMeTheMoney
$SNE June Update*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 entered into $SNE at 92.33 after its correction from $118 down to $90. $SNE currently sits at just $99.25 per share. My team is averaging up here at $99.25 and still remain long on our take profit at $145. If you want to see more, please like and follow us @SimplyShowMeTheMoney
CAPITALCOM:SNELong
by SimplyShowMeTheMoney
Is $SNE a better pick than $AAPL right now? We think so. *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* My team entered into $SNE at $92.33 after its correction from $118 down to $90. The price currently sits at just $99.09 per share. $SNE is overwhelmingly undervalued at current price levels. We’re holding this diamond in the rough for the long haul. It wasn’t long ago that $SNE and NetEase Cloud Music got together to launch Sony Music to be made available in China. $SNE also recently announced that they will be investing $18 billion in order to grow entertainment and sensor businesses. In addition, $SNE aims to target 1 billion global entertainment users from its gaming, anime, and entertainment services. On top of that, Japan wants semiconductor manufacturing company $TSMC and $SNE to build a 20 nanometer chip plant. Needless to say, there is a LOT to look forward to for $SNE in the next few years. $SNE is also a great alternative for $AAPL stock holders. Obviously we’re still long on $AAPL, but we believe that $SNE is the overall better pick for 2021. Earnings are expected to be announced on 8/03/21 (same week as AAPL) Please like and comment below to let us know your thoughts! If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:SONYLong
by SimplyShowMeTheMoney
SONY SONY has been beating the market for a long time and now it is in a slight correction, when I THINK it is appropriate to start accumulating. Drops higher than 20 % are rare, now the discount is about 15 % compared to the previous ATH. There is enormous interest in the console also because SONY sells it at a very affordable price - it aims primarily to build a broad player base, which the company will benefit from in the future. If they balance the fees well.. I hope to buy under $100 today :)!
NYSE:SONYLong
by liborbtc