Sony
**11/13 MARKET RECAP** $SPY $AAPL $NIO $JD $BA $BYND $SNE Recap of todays FIRE trades AND what 11/16 could look like.
Room to dipWaiting patiently... Targeting USD 60.6 entry. over next couple of weeks Keep watching that RSI
SONY 1D BIG THREE SUB-CHART INDICATORBig Three Sub-Chart Indicator turned Green after the Day Candle Closed for an Entry Signal.
Big Three Sub-Chart Indicator shows a Long Entry Signal when the Sub-Chart Bar turned Green after the Day Candle Closed.
Big Three Indicator shows a Long Entry Signal when the Big 3 Indicator line turned Green after the Day Candle Closed
Entered Long Trade at Daily Candle Close.
Close Trade when Sub-ChartBar & Big 3 Indicator Line changes to Yellow or Red.
$SNE Sony at Buy Point - PS5 Launching Nov 12th$SNE Sony appears to be approaching a buy point after bouncing off support at $72.50 recently and forming an island reversal. Monitor for a close above the blue downtrend line (~$76) for confirmation.
Two big catalysts coming over the next month:
1) Earnings expected at the end of October
2) PS5 is officially being released on November 12th - just in time for the holiday season
Note on the new PS5 - preorders sold out quickly at all major retailers, including Amazon, Best Buy, Walmart, GameStop, and Target. There's a lot of hype and excitement building for the official launch next month. This will likely give the stock a big boost mid-November in my opinion.
Additionally, we also saw some bullish unusual options activity today:
$3.3M of January'21 calls traded ($77.50/$82.50 strikes)
Near term price target: $82-$84 range by mid-November
Note: This is NOT investment advice.
😯 Perfect Channel For Sony. (SNE)💰Easy play as we sit on support.
Line up the ema dots and the Crossover strategy candles for your confirmation. Breaks support you short. Curves up and fires green you long. That support is your lifeline. Play it and capture the next big trend.
Best of luck to you, happy trading 😁
🥇MLT | MAJOR LEAGUE TRADER
WE DON'T NEED PLAYSTATION 5, WE NEED MORE MONEY !!This analysis based on the price action, and Playstation 5 is coming this holiday 2020.
Will it keep going up to the all-time high? maybe, time will tell.
my idea about sony CORPafter breaking the support line and making a pull back i think that the trend line oing short
SONY retracingSNE had a crazy run like most other tech stocks, but it looks like the chart is out of energy. It's at the lower trendline of the upward channel, but I do think it will break the trendline and retrace to at least the 0.236 fib level. SONY has the Playstation 5 planned for this year and made a strong move with their new VISION line for cars. The Fib level will be a nice entry, but keep a close eye on the development of Corona virus. The virus could delay production, which will result in a bigger drop for most tech stocks.
SONY must break its ATH or lose up to 50% value.The previous attempt a year ago ended at 6973, just a couple Yuen shy of the 7010 high. This scenario is very unusual and could end badly for the stock if it fails a second attempt. But there's good news.
On the 'daily' chart you'll see a clear ' diamond continuance ' formation which started on July 8th and ended around August 28th. This rare formation is an indication for volume-backed support. Having said that, the stock is likely to touch (and slightly break) the ATH, then temporarily reverse to the 14MA (to recharge), before ultimately running for a definite breakout above the ATH (right around the PlayStation 5 release date).
Failing to do any of that would send the stock back towards the 'monthly' 125 moving average and lower. Succeeding in breaking the ATH will send the stock towards 9000+ in "no time".
Sony again at $60 with short?It is a 4th time Sony reached $60-61 area and for further uptrend movement can be some bearish movement in $41-44,5 area. Hope we will see soon what marker think.
SONY - possible trend changeDrawing some lines on a few stocks, fast and loose style, to see opportunities for swing / range trading.
Where price hits the bottom of a channel and the market enters a downturn, we may see that acting as a catalyst for a trend change.
If price is still within mid to upper ranges of a channel it is more likely to hold stronger, chop sideways, or meet support at one of the fib lines.
Just a theory..
Insomniac Games Acquired by SonyThe Japanese company Sony announced on Monday that it would buy Insomniac Games. As a result, this will make Insomniac the 14th internal studio under the Sony Interactive Entertainment banner.
However, the firm has not yet closed the financial terms of the acquisition. And also, it did not give any information about it.
Shawn Layden is the chairman of Sony Interactive Entertainment Worldwide Studios. Then, Layden stated, “Insomniac Games is one of the most highly-acclaimed development studios in the industry.”
And he also pointed out the video game developer’s legacy of the best-in-class storytelling, and its gameplay is exceptional. According to the chairman, for years, they enjoyed a powerful collaborative partnership with the studio. And now, they will officially welcome them to be part of the Worldwide Studios family.
“The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences,” Layden added. And this is only available on the PlayStation platform.
In addition to that, Insomniac Games founder and CEO Ted Price announced that the firm has now greater opportunities after joining the WWS. And it will help them achieve their vision of creating positive and lasting impressions on the lives of people.
Price stated, “We’ve enjoyed a special relationship with PlayStation practically since our inception.” The CEO also showed how excited they were in this latest move for their growth with WWS partners. Above all, they aim to give fresh and new experiences for the fans.
“Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this,” Price added.
Read more on FinanceBrokerage
Microsoft Heading Big!! Just recently held was the Xbox E3 conference, where Xbox (Microsoft) announces all new games and consoles. Within this week alone where the conference was held, a sudden increase roughly of 12% was reached in share market price. A new console that Microsoft announced is called Project Scarlett and will be 4x more powerful than the previous Xbox one x. Creating excitement for customers in this industry. In addition, Microsoft also spoke roughly around the topic of game streaming, with a new project called X-Cloud and will stream almost virtually on any device capable of internet streaming. The game streaming market has become bigger by the year with other competitors such as Googles Stadia, PlayStation Now (Sony Corporation) and other smaller companies. If Microsoft want to stand out from Googles Stadia in particular, Microsoft will need to be fast, reliable and minimize as many network faults as possible. Google have an advantage in the streaming industry as it's been streaming data to the world for many years and provides a leverage that Microsoft doesn't when it comes to servers and networking. Microsoft will need to work extra hard to get where they want with additional investments to server hardware.
I do conclude that Microsoft is a perfect company to go long with, a positive annual revenue stream with an estimated 10.85% growth in total revenue per year makes Microsoft perfect to continue expanding within the gaming and computer industry.
Sony: Weekly 3-drive pattern completed at ATHSony completes a 3-Drive formation into the last ALL TIME HIGH from 2007. Can it get any better with the PS4 getting long in the tooth and smartphone shipments slowing down?
Also check out the massive SSR level set at 5,400 first set in 2006 which holds till today.
Can Sony Beat Their Resistance Line?NASDAQ: SNE is once again hitting it's resistance line. With the Stock hovering around 52.34. Their is potential for the Sony to break through to a new resistance ceiling. However, I would suggest that the Sony stock may not break through since it hasn't reached this high since 2008. Check it out!
