iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Land of the Rising Wall of Worry

A few weeks ago I mentioned some of the bullish divergences in Japan. In particular, beaten-down Japanese firms like Sony were so bad in terms of price action, it was time to consider if they were actually good. Updating those divergences below on the weekly chart for SNE, you can see price starting to resolve in favor of the previously diverging RSI. I am looking for continued upside in here and in Japan as a whole into 2013.

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter