SNE is hovering near the 61% Fib retracement. There is also renewed hope of a positive growth outlook among investors. Time to buy SNE?
Looks lke the 50MA is heading toward crossing 200MA. This could be a change to go long.
Price may test the upper trend line but long term target 1.05 region. Hawkish Fed VS Dovish ECB. Volatility ahead in June
All eyes on a June Rate hike, if price hold above 1215 to 1206 till end of May, we may see price rising up to 1250. But long term bearish.
If the trend continues and breaks the 2100 barrier, we may be heading for a new high.