The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:
The diagram is the same I had posted on 19.July.2014
The (SNE) share has breached the $19.11 resistance for sure. Both weekly and monthly diagram are bullish.
So the first think in mind isthe next target. MACD is marginally bullish and RSI a little overbought. The volume is as usual.
There is no special candlestick pattern. The share is above the KUMO , the Tenkan Sen (green line) and it is above the Kijun Sen (blue line).
There is a bottoming special pattern of reversal from November 2013. The 100% projection of this reversal pattern show a future price of $22.85 target. The Date range fib from $22.85 high to $15.24 low show a new level at October 2014.
Long for 10% earnings. Stop loss under $19.11.
The diagram is the same I had posted on 19.July.2014
The (SNE) share has breached the $19.11 resistance for sure. Both weekly and monthly diagram are bullish.
So the first think in mind isthe next target. MACD is marginally bullish and RSI a little overbought. The volume is as usual.
There is no special candlestick pattern. The share is above the KUMO , the Tenkan Sen (green line) and it is above the Kijun Sen (blue line).
There is a bottoming special pattern of reversal from November 2013. The 100% projection of this reversal pattern show a future price of $22.85 target. The Date range fib from $22.85 high to $15.24 low show a new level at October 2014.
Long for 10% earnings. Stop loss under $19.11.
