SNE
Today 11/29/20 10am pst
Plan: Channel play- buy at fib 618 (close to bottom channel/old price line)
Price Line $84.33 has had multiple rejections in August and prior. Now that Sony has broken out, I'd expect it to act as a strong support. Plus it aligns exactly with fib 618.
Sony is on a tear from PS5 holiday sales but should slow soon. Eventually it will fall to this comfortable price level. Get in and ride up to at least fib 1.
Today 11/29/20 10am pst
Plan: Channel play- buy at fib 618 (close to bottom channel/old price line)
Price Line $84.33 has had multiple rejections in August and prior. Now that Sony has broken out, I'd expect it to act as a strong support. Plus it aligns exactly with fib 618.
Sony is on a tear from PS5 holiday sales but should slow soon. Eventually it will fall to this comfortable price level. Get in and ride up to at least fib 1.