pool adsUsing the Action in Sony Corporation $SNE to our Advantage
Our job as investors is to pay attention to the stocks we own. Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Sony Corporation (NYSE: SNE) data table below can help you with price action, and we have more details too. Trading plans for SNE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | 98.73 |
| P2 | 104.73 | 105.46 | 105.51 |
| P3 | 107.25 | 109.81 | 112.85 |
Support and Resistance Plot Chart for SNE
Long Term Trading Plans for SNE
March 2, 2021, 9:00 am 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 105.51 with an upside target of 112.85. This data also tells us to set a stop loss @ 105.21 to protect against excessive loss in case the stock begins to move against the trade. 105.51 is the first level of support below 108.08 , and by rule, any test of support is a buy signal. In this case, support 105.51 is being tested, a buy signal would exist.
SNE - (Short) Resistance Plan
The technical summary data is suggesting a short of SNE as it gets near 112.85 with a downside target of 105.51. We should have a stop loss in place at 113.18though. 112.85 is the first level of resistance above 108.08, and by rule, any test of resistance is a short signal. In this case, if resistance 112.85 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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