SONY may go down a bit
hi traders
Let's have a look at SONY .
SONY has been in a macro downtrend.
It looks like the price formed double top pattern on weekly time frame. 2 tops around 100 $ , at the 0.382 fib level acting as a resistance.
In my opinion it's not a time to look for longs on SONY.
I would rather short it if the support at 80 $ fails. Breaking below 80$ will be a confirmation for bears and the price may drop even 23 % from there.
The target for shorts and entry for longs is shown on the chart.
If you want to play the bounce, 83 $ will be a target for longs.
Let's have a look at SONY .
SONY has been in a macro downtrend.
It looks like the price formed double top pattern on weekly time frame. 2 tops around 100 $ , at the 0.382 fib level acting as a resistance.
In my opinion it's not a time to look for longs on SONY.
I would rather short it if the support at 80 $ fails. Breaking below 80$ will be a confirmation for bears and the price may drop even 23 % from there.
The target for shorts and entry for longs is shown on the chart.
If you want to play the bounce, 83 $ will be a target for longs.
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.