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SONY Weekly (21) Chart Technical Analysis

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Published in Sony Corp (ADR)
Saturday, 24 May 2014 00:00
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The Sony (SNE) weekly chart shows the following signs:

 

The Price of SNE after earnings and forecasting announcements last week, retreat from $17,30 to almost $16 the last two weeks making a gap the last week (20).

 

The MACD has given a bearish sign and the RSI too.

 

I expect that the stock price will make more consolidations before shows the next movement but…

Hypothesis of Bullish turn if we see the following signs:
a) Even under the EMA200 we have a cup with handle pattern,
b) We have an invert Head & Shoulders pattern,
c) On Monday the stock opens with a bullish Gap at $16,32 so we have a morning star.

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Dimitrios Vezeris

MSc Electrical & Computer Engineer | COSMOS4U

Tel: +30 2541021919 |d.vezeris@COSMOS4U.net

Lefkippou 6 | 67131 Xanthi | Hellas | Europe

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SONY Weekly (21) Chart Technical Analysis by d.vezeris on TradingView.com

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