Sony: ⬇️ Sell
– Sony reversed from resistance level 23.00
– Likely to fall to support level 21.00
Sony recently reversed down from the resistance area between the pivotal resistance level 23.00 (which has been reversing the price from February), 50% Fibonacci correction of the downward impulse from January and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active intermediate impulse wave (3).
Given the strong multi-month downtrend, Sony can be expected to fall to the next support level 21.00 (target price for the completion of the active impulse wave i).