SNE has flown past its $84 prior resistance level, highly likely this will act as our new support. PS5 Launch provides Revenue support for this idea.
Massively overbought at these levels on an RSI basis, 20- and 50-day Moving Averages trailing more than usual for this stock, probably due for a correction down to that $84 level.
Look for this space for entry, if it holds on a pullback.
Might be premature but I also see the potential for an Evening Doji Star setup, further suggesting short-term downside.
Any thoughts?
Please like and comment below :)
InvestEmi
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Massively overbought at these levels on an RSI basis, 20- and 50-day Moving Averages trailing more than usual for this stock, probably due for a correction down to that $84 level.
Look for this space for entry, if it holds on a pullback.
Might be premature but I also see the potential for an Evening Doji Star setup, further suggesting short-term downside.
Any thoughts?
Please like and comment below :)
InvestEmi
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
Comment:
Previous gap up has been filled quite beautifully, price only just tapped the upper range of my entry level, let's see if this pops for new ATHs
Comment:
Up up and awayyy