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 stock price will get a new bullish trend because I think that we have:
a) A inverse Head & Shoulder Pattern
b) A cup with handle pattern as I saw in Weekly analysis publication below
c) Today the stock close at 1683JPY (3.13% higher) in TOKYO
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 stock price will get a new bullish trend because I think that we have:
a) A inverse Head & Shoulder Pattern
b) A cup with handle pattern as I saw in Weekly analysis publication below
c) Today the stock close at 1683JPY (3.13% higher) in TOKYO
