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The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

 

The diagram is the same I had posted on 19.July.2014


The (SNE) share has breached the $19.11 resistance for sure. Both weekly and monthly diagram are bullish.

 

So the first think in mind isthe next target. MACD is marginally bullish and RSI a little overbought. The volume is as usual.


There is no special candlestick pattern. The share is above the KUMO , the Tenkan Sen (green line) and it is above the Kijun Sen (blue line).

 

There is a bottoming special pattern of reversal from November 2013. The 100% projection of this reversal pattern show a future price of $22.85 target. The Date range fib from $22.85 high to $15.24 low show a new level at October 2014.

 

Long for 10% earnings. Stop loss under $19.11.

The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

 

The (SNE) share has jumped above the KUMO and now it corrected exactly on SPAN B. So the first think in mind is that now KUMO is a support. MACD is bullish and RSI too. The volume is moderate.

 

There is no special candlestick pattern. The KUMO has twisted bullish and the SPAN A is above SPAN B.

 

For a long term analysis you can see the previous one (See the link below)

 

The fib shows a $17.83 first target and $18.98 secondly. The EMA 200 now is a support too.

 

SNE is on a long term reversal for uptrend.

The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

 

The (SNE) share has consolidated for the last tree weeks at around the 0.764 of fib @ $16.81 as an average price. Last week the share got itself into the KUMO cloud. Both weekly and monthly diagram show a local bottom at $16.

 

So the first think in mind is that $16 as you can see is a support (daily local bottom too) in long term diagrams. It is a strong long term support. MACD is marginally bullish and RSI too. The volume is as usual.
There is no special candlestick pattern. The share is into the KUMO , has breached the Tenkan Sen (green line) and it is above Kijun Sen (blue line).

 

There is a bottoming special pattern of reversal from November 2013. The 100% projection of this reversal pattern show a future price of $22.85 target but it demands patience. The fib from $19.44 to $16.00 shows the target levels. The Date range fib from $22.85 high to $15.24 low show a new level at October 2014.

 

The next Earnings date is (07.08.2014/dd.mm/yyyy) in three weeks. If the share moves towards to the top of KUMO there are many possibilities of one year reversal of the long term trend of the share. Sony lately has sold the VAIO division and PS console is first in world wide sales. In addition the earnings because of MUNDIAL from TV and other SONY's devices sales has not been calculated yet.

The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

 

The (SNE) share has broken the resistance of the trend line (red) lately. This resistance line was under the KUMO, which means that the SNE was bearish in long term. Both weekly and monthly diagram show a local bottom at $16.

 

So the first think in mind is that $16 as you can see is a support (daily local bottom too) in long term diagrams. So it is a strong long term support. MACD is weakening its bullish trend and RSI too. The volume is as usual.

 

Will we have a new morning star candlestick pattern in yellow circle ?. The share is under the KUMO under the Tenkan Sen (green line) and above Kijun Sen (blue line) as a support for today.

 

There is a bottoming special pattern of reversal between the bold green lines ($16-$19). The fib from $19.44 to $16.00 shows the target levels.

 

So I think that the critical point is MACD and tomorrow's movement. The share can go into the KUMO as well as it can decline under the Kijun Sen. Stay aside.

Sony (SNE) Daily Diagram Technical Analysis Training shows the following:

 

The (SNE) share has began a new uptrend movement after the last earnings news. It follows a support line under the KUMO so today it stopped on SPAN A. The weekly and monthly diagram shows marginally bullish.

 

So the first think in mind is that SNE will continue to moves up. MACD is forcing its bullish trend and RSI too.

 

The volume is increasing day to day. Today (01.07.2014 the volume was 5M>2M average).

 

There is no special candlestick pattern except the long green today 2.15%. The share is under the KUMO and it is above the Tenkan Sen (green line) and Kijun Sen (blue line) too.

 

The fib from $19.43 to $16 retracement shows 0.5 correction @ 17.71 for a first target, even If the price tries to decline @16.81.

The Sony Corp (NYSE:SNE) Daily Diagram Technical Analysis shows the following:

 

The (SNE) share has broken the resistance of the trend line (red) lately. This resistance line is under the KUMO, which means that the SNE was bearish in long term. Both weekly and monthly diagram show a local bottom at $16.

 

So the first think in mind is that $16 as you can see is a support (daily local bottom too) in long term diagrams. So it is a strong long term support. MACD is forcing its bullish trend and RSI too. The volume has an uptrend.

 

We have a morning star candlestick pattern in yellow rectangle. The share is under the KUMO but is over the Tenkan Sen (green line) and Kijun Sen (blue line) too.

There is a bottoming special pattern of reversal between the bold green lines ($16-$19). The fib from $19.44 to $16.00 shows a 0.618 correction at $17.31 first target.

 

So I think that the critical point is the KUMO ( $17-$17.72). If the share get in the KUMO then we will have a new uptrend development for a long term reversal.

The Sony (SNE) weekly chart shows the following signs:

 

The Price of SNE after earnings and forecasting announcements before two weeks, retreat from $17,30 to almost $16 last three weeks making a gap.

 

The MACD is in bearish sign and the RSI too but both are smoothing the movement.

 

The stock met resistance at the bottom of KUMO at $16.55 and retreated to $16.18 before two weeks and $16.10 last week. On the other hand the price is exactly on the EMA 100.

 

So is very interesting again this week (24) to see if the price stops the consolidations and will get in the KUMO. If the Tenkan Sen will still remain over the Kijun Sen (first target will be the $17.48). Otherwise if the price retreat under the $15.90 the trend will turn to bearish for $14.52 first.

The Sony (SNE) weekly chart shows the following signs:

 

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

 

The MACD is in bearish sign and the RSI too.

 

In previous weekly tech analysis I said that I expected that the stock price would made more consolidations before shows the next movement but…
A H ypothesis of Bullish turn would happened if we have seen the following signs:
"a) Even under the EMA200 we have a cup with handle pattern (still valid),
b) We have an invert Head & Shoulders pattern (still valid),
c) If On Last Monday the stock opened with a bullish Gap at $16,32 so we could had a morning star (we had the gap ($16.38) but not the morning star)."

 

The stock met resistance at the bottom of KUMO at $16.55 and retreated to $16.18.

 

So is very interesting this week (23) to see if the price will get in the KUMO and if the Tenkan Sen will still remain over the Kijun Sen (first target will be the $17.48). Otherwise if the price retreat under the $15.90 the trend will turn to bearish for $14.52 first.

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