SONY CORP (6758) Two Scenarios!

7 May 2020

hey guys,

sony is standing on a key structure resistance level!
depending on what is your bias on this stock you may either see an ascending triangle on 4H
or
a double top formation.

no matter what it is, we can trade the stock to both sides.

if the price breaks above resistance of the ascending formation,
for us, it will be a long signal and we buy expecting a continuation to higher scructure levels!

in contrast, 6600 is our minor support.
being broken to the downside, for us, it will be a trigger to short!

both scenarios are equally possible so be prepared!
good luck!