The swiss company, Sonova Holding, comes back upon contact with important technical level that might give impetus to a rebound.

The area of the CHF 122.3 support should enable the stock to have a new bullish trend. The long term support in this area confirms its relevance. Technically, above these levels, 4-traders analysts are optimistic and count on a return toward the short-term resistance at CHF 129.8.

As a result, active investors can take immediately a long position in Sonova Holding thanks to the close proximity of the CHF 122.3 support area. The target price is CHF 129.8 and in case of breakout of this level, the second target price would be CHF 134. If there is a breakdown of the CHF 122.3 support, investors should close their trades.