From Mar'20 lows, SONY has formed a nice 1-2-3-4 wave pattern. Wave 5 target is (Wave 4 low)+ Wave 1/Wave 3. The first calculation takes to 123 which is just above Wave 3 high. So, Wave 4 low+ Wave 3 is more likely. Conservative target of 137
Comment:
First target of 123 hit. Small pullback happening. Watchout for reaction after the gap fill to 118.6 (also retest the previous high). Min target of 137 in Q4'21
Comment:
A retest of Wave 3 high(118.6) & a reaction would be very bullish
Comment:
It just did a nice retest of previous high & gap filling ritual; A nice bounce fro 118-119 levels but could not go about 20d ema. Bullish