The Price of SNE after and forecasting announcements before two weeks, retreat from $17,30 to almost $16 last two weeks making a gap.
The is in sign and the too.
In previous weekly tech analysis I said that I expected that the stock price would made more consolidations before shows the next movement but…
A H ypothesis of turn would happened if we have seen the following signs:
"a) Even under the EMA200 we have a cup with handle pattern (still valid),
b) We have an invert pattern (still valid),
c) If On Last Monday the stock opened with a Gap at $16,32 so we could had a (we had the gap ($16.38) but not the )."
The stock met resistance at the bottom of KUMO at $16.55 and retreated to $16.18.
So is very interesting this week (23) to see if the price will get in the KUMO and if the Tenkan Sen will still remain over the Kijun Sen (first target will be the $17.48). Otherwise if the price retreat under the $15.90 the trend will turn to for $14.52 first.