This year, $SNE has been in an uptrend. In June, the price of $SNE was clearly moving in the upper region of the Bollinger bands for over 1000 points. In September, it found resistance at 60.99, the all-time high from April 2007. Then the early days of October brought about a sharp downturn of about 800 points.
A breakout from the trendlines has occurred, which may signal a bullish movement. Price still maintains the lower part of the band despite the breakout. The Senkou span of the Ichimoku shows a downtrend. RSI indicates an oversold position in the market. Price might reach 58.19 from 55.26 as at the time of this writing. Sony is expected to make a big profit jump due to their winning game strategy. A breakout from the expected 58.19 level could make $SNE resume the upward trend.
Source: Sony Forecasts Big Jump To Record Annual profit On Winning Gaming Strategy-(Reuters.com)