ATradersAnalysis

SONY retracing

NYSE:SNE   None
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 a nice entry, but keep a close eye on the development of Corona virus. The virus could delay production, which will result in a bigger drop for most tech stocks.
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.