The technical figure Descending Triangle can be found in the Swiss company Sonova Holding AG (SOON.vx) at daily chart. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care (hearing instruments, cochlear implants, wireless communication). It is one of the largest providers in the sector worldwide. The group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and AudioNova. The Descending Triangle has broken through the support line on 17/06/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 32 days towards 259.20 CHF. Your stop loss order according to experts should be placed at 351.20 CHF if you decide to enter this position.
Sonova said it had faced shortages of microelectronic components towards the end of the first half. The disruptions to the global economy during the pandemic have upset supply chains across continents, causing shortages of goods and services, including microelectronic components used for hearing aid.
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Sonova said it had faced shortages of microelectronic components towards the end of the first half. The disruptions to the global economy during the pandemic have upset supply chains across continents, causing shortages of goods and services, including microelectronic components used for hearing aid.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.