The ( SNE ) share has consolidated for the last tree weeks at around the 0.764 of fib @ $16.81 as an average price. Last week the share got itself into the KUMO cloud. 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. It is a strong long term support. is marginally and too. The is as usual.
There is no special pattern. The share is into the KUMO , has breached the Tenkan Sen (green line) and it is above Kijun Sen (blue line).
There is a bottoming special pattern of reversal from November 2013 . The 100% projection of this reversal pattern show a future price of $22.85 target but it demands patience. The fib from $19. 44 to $16.00 shows the target levels. The Date range fib from $22.85 high to $15.24 low show a new level at October 2014.
The next date is (07.08.2014/dd.mm/yyyy) in three weeks. If the share moves towards to the top of KUMO there are many possibilities of one year reversal of the long term trend of the share. Sony lately has sold the VAIO division and PS console is first in world wide sales. In addition the because of MUNDIAL from TV and other SONY's devices sales has not been calculated yet .