d.vezeris
Long

Sony Corp Daily (23.06.2014) Technical Analysis

NYSE:SNE   SONY CORP
SNE
86 0 0
sne
The Sony Corp             (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

The ( SNE             ) share has broken the resistance of the trend line (red) lately. This resistance line is under the KUMO, which means that the SNE             was bearish in long term. Both weekly and monthly diagram show a local bottom at $16.

So the first think in mind is that $16 as you can see is a support (daily local bottom too) in long term diagrams. So it is a strong long term support. MACD is forcing its bullish trend and RSI too. The volume has an uptrend.

We have a morning star candlestick pattern in yellow rectangle . The share is under the KUMO but is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.

There is a bottoming special pattern of reversal between the bold green lines ($16-$19). The fib from $19.44 to $16.00 shows a 0.618 correction at $17.31 first target.

So I think that the critical point is the KUMO ( $17-$17.72). If the share get in the KUMO then we will have a new uptrend development for a long term reversal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out