jwjustinwatkins

SNE Fib 618 play

Long
NYSE:SNE   SONY CORP
129 views
0
SNE
Today 11/29/20 10am pst

Plan: Channel play- buy at fib 618 (close to bottom channel/old price line)

Price Line $84.33 has had multiple rejections in August and prior. Now that Sony has broken out, I'd expect it to act as a strong support. Plus it aligns exactly with fib 618.

Sony is on a tear from PS5 holiday sales but should slow soon. Eventually it will fall to this comfortable price level. Get in and ride up to at least fib 1.

Comments

I don't have high faith in that upper channel bound, so I'm not as comfortable playing the drop. It only has 2 recent highs to go on. That Price line at 84.33 has multiple rejections from August and prior. I trust it more so I would wait.
Reply
y u no short entry at the top?
Reply
@dmamaril because stonks only go up duh
Reply
were u drunk charting??
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out