Sony (SNE): How the Mighty Fell!

in money •  7 years ago 

SUMMARY

Here is a very long term chart of Sony (SNE) and what is most striking is the mega extended 5th wave!! The resulting decline was horrific as the ABC reached the levels of prior wave 2!! However, even corrections come to an end. Do you think SNE is at the terminal end of its correction?

The impulse blue waves show that a change in trend could be in progress. The breakout from the final downward wedge was bullish (white). What other pattern can you discern?

The Cup & Handle is also forming and with one blue wave 5 remaining, it seems like SNE could be at the onset of a renewed cyclical bull market!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Get away from HOT and TRENDING with this garbage

  ·  7 years ago (edited)

Hi @haejin :)
i am new in steemit
I do not really understand about this post

your post level is too hard for me
because I am new here

I just learned about bitcoin

Re-steem

Ya estaba preocupado,no lo encontraba....

Well, this has nothing to do with bitcoin. I think Sony will be in business for a long time.

The red waves might represent some form of dangerous investment threats...

This was deep A.

Can you check Mastercard?
It looks to me like it is finishing the 5th.