pool adsHow to trade Sony Corporation $SNE With Risk Controls
Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Sony Corporation (NYSE: SNE) report below can help you, but we have more details too. The trading plans for SNE, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 87.51 |
| P2 | 111.56 | 114.50 | 95.25 |
| P3 | 115.01 | 122.25 | 102.66 |
Support and Resistance Plot Chart for SNE
Long Term Trading Plans for SNE
February 11, 2021, 6:00 pm ET
The Technical Summary and Trading Plans for SNE help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this SNE Report.
SNE - (Long) Support Plan
The technical summary data tells us to buy SNE near 102.66, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 102.36 to protect against excessive loss in case the stock begins to move against the trade. 102.66 is the first level of support below 113.97, and by rule, any test of support is a buy signal. In this case, if support 102.66 is being tested, a buy signal would exist.
SNE - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
