Sony
SONY Corp. (SNE): Short49 level fitting pretty well in with major cycles, plus the inminent obsolescence of the PS4 announced by John Kodera on the 25.05.2018
Sony To Spike In Wake of VR Release NYSE: SNE may spike before October 13th in anticipation of Sony VR release. The media and fans alike have been in positive review for Sony's take on virtual reality; and it surely might change the gaming environment for years. Think about the next generations to come (similar to smart phone updates and versions). I would watch this stock in the next upcoming months as the holiday season approaches. Good Luck!
Nintendo: Interesting long setupI think we have a nice opportunity in Nintendo, specially if we opt for going long the yen denominated stock, since we'd gain exposure to the Yen, which I see as a good idea in any portfolio. The OTC market stock is poised to rally as well, to the order of 95% or so, with 20% downside risk in it based on the monthly setup on chart. If trading the TSE stock, you have a nice monthly long setup with 18% downside risk. There is a considerable spread when comparing Nintendo to the likes of Sony, so that might also be a good setup to check out (pair trade).
Setup #1: Go long 7974 or NTDOY, risking 20% downside, aiming for a 100% return within a year.
Setup #2: Short an 85% size position in SNE and long 100% size on NTDOY (risking 1% at 11.90% and 13.91% from entry respectively)
Check out my updated track record here: pastebin.com
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Time to buy Sony?SNE is hovering near the 61% Fib retracement. There is also renewed hope of a positive growth outlook among investors. Time to buy SNE?
$APPL its going to go down even more from my understanding it will constantly go down until it reaches a point where a new product comes out to advance their corp
(W) SONY - Bullish Gartley // Bearish Crab // AB=CD // IF=THEN ®NYSE:SNE
GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
CRAB
Point B:
38.2% to 61.8% XA
Point C:
38.2% to 88.6% AB
Point D:
161% ext XA
224% to 316% ext AB
Target:
TP1 61.8% CD
TP2 127% CD
Safe Trades;
Sony Corp Daily (12.Sep.2014) Technical Analysis TrainingThe 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.
Sony Corp Daily (29.07.2014) Technical Analysis TrainingThe 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.
Sony Corp Daily (19.07.2014) Technical Analysis TrainingThe 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 .
Sony Corp Daily (10.07.2014) Technical Analysis TrainingThe 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 facing resistance at the cloudScary how accurate the Ichimoku Cloud can be sometimes. (I guess SNE and Ichimoku Cloud are both Japanese so it may be more compatible :)
Price riding around resistance but I'm expecting the up coming earnings to be a good one!
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Sony Corp Daily (01.07.2014) Tech Analysis TrainingSony (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.
SNE is still within the down trending channelCheck the points on the chart:
- The down trend is still in place
- Recently no great news have been release so it is still trading there
- Some gaps are still left to fill, although this is not a strong aspect
- Technical indicators are turning up and may show some upward trending
18 seems to be the max achievable price at the moment and if reached will show the further trend. If the channel is broken may go up to 20s just like last summer. But news have to be in place for this and so far there are none.
