Loading Posts...

Sony (6758) Looks Good On Chart

Sony (6758) Looks Good On Chart

My list of stocks that I sent 10 days ago included Sony as a core name of interest. There are many reasons to like Sony from a fundamental standpoint and that is why it is a long-term play. But when we factor in the recent selloff and review the names that broke down, Sony clearly stands out as on that held up well, held firm as others fade over the past 3 trading days.

In fact, when USDJPY bottoms out, perhaps at 104.50 or lower, and yen starts to weaken again, Sony could rally aggressively, along with the Nikkei 225 which could bounce off the 20,200 or 20,000 support level. 

Avatar

Classiarius

The author didnt add any Information to his profile yet

Classarius is the only data driven news for blockchain, cryptocurrencies and technology from investment professionals.
Disclaimer: We do not provide investment advice or strategies, this article is not intended as such but only to provide you the reader with information. Please conduct your own research before any investment of any kind.

Classiarius Guest Posts
Classiarius allows guests to write articles on blockchain, finance, and analysis on technology, political risks and crpytocurrencies. You may include links to your previous content in your articles. Write Guest posts
Loading Posts...