$SONY: Monthly Hidden Bullish Divergence and Channel Breakout

NYSE:SONY   Sony Group Corporation
SONY on the Monthly Timeframe is breaking out of a Descending Channel while confirming Hidden Bullish Divergence and Bullishly Crossing over on the MACD and the RSI enters the Bullish Control Zone; the next obvious target would be between 150 and 177 Dollars as that would be the completion of an AB=CD Harmonic Pattern. One last thing to note on the side is that the MSFT acquisition of ATVI has recently hit a brick wall with regulators and this is likely to spur some optimism in the SONY camp who has opposed this acquisition in fears that Microsoft would eventually make games like Call of Duty, Xbox Exclusive.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.