SNE had a crazy run like most other tech stocks, but it looks like the chart is out of energy. It's at the lower trendline of the upward channel, but I do think it will break the trendline and retrace to at least the 0.236 fib level. SONY has the Playstation 5 planned for this year and made a strong move with their new VISION line for cars. The Fib level will be...
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...
It is a 4th time Sony reached $60-61 area and for further uptrend movement can be some bearish movement in $41-44,5 area. Hope we will see soon what marker think.
Drawing some lines on a few stocks, fast and loose style, to see opportunities for swing / range trading. Where price hits the bottom of a channel and the market enters a downturn, we may see that acting as a catalyst for a trend change. If price is still within mid to upper ranges of a channel it is more likely to hold stronger, chop sideways, or meet support at...
The 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...
Just recently held was the Xbox E3 conference, where Xbox (Microsoft) announces all new games and consoles. Within this week alone where the conference was held, a sudden increase roughly of 12% was reached in share market price. A new console that Microsoft announced is called Project Scarlett and will be 4x more powerful than the previous Xbox one x. Creating...
Sony completes a 3-Drive formation into the last ALL TIME HIGH from 2007. Can it get any better with the PS4 getting long in the tooth and smartphone shipments slowing down? Also check out the massive SSR level set at 5,400 first set in 2006 which holds till today.
NASDAQ: SNE is once again hitting it's resistance line. With the Stock hovering around 52.34. Their is potential for the Sony to break through to a new resistance ceiling. However, I would suggest that the Sony stock may not break through since it hasn't reached this high since 2008. Check it out!
49 level fitting pretty well in with major cycles, plus the inminent obsolescence of the PS4 announced by John Kodera on the 25.05.2018
Green: Trigger Yellow: Target 1 Red: Target 2
NYSE: SNE may spike before October 13th in anticipation of Sony VR release. The media and fans alike have been in positive review for Sony's take on virtual reality; and it surely might change the gaming environment for years. Think about the next generations to come (similar to smart phone updates and versions). I would watch this stock in the next upcoming...