Exact opposite take of the only other Sony "Idea" posted in the last day. Can you explain your reasoning?
trader2n4mmonk
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@terrybecker90, Pardon I did understand what do u mean by "Exact opposite take of the only other Sony "Idea" posted in the last day". But I will give you the reasoning behind my idea. At this point of time this stock is in consolidation state. It will form a triangle in day timeframe. And before breakout it creates minimum 3 up move and 3 down move. Later it will break out. In this movement of sideways move we can expect it will go down till 100 to 101 which is good psychological level also. So we can expect it to move downside till 100 to 101 and bounce back.