Softbank price has used the diagonal trendline as support several times. This can be seen in the OBV as well. The VPVR shows a lot of interest in the current price levels too. Expecting the price to test the trendline once more.
The current decline is due to the WeWork fiasco. Softbank has proposed to take over the company. If things go well Softbank will continue its investment spree with the Vision Fund 2. It will keep investing in companies which specialize in AI, Machine learning and other future technologies and in most investments they are the lead investor. This gives Softbank the authority to steer the company towards a direction they choose and also create additional synergies with other companies in their investment portfolio. Softbank will most likely become a mega consortium controlling several of the future tech companies all over the world.
Current Marketcap: 81 Billion $ 2030 Marketcap: 500 Billion $+
Note: This is not financial advise. Please do your own research.
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Bounced on the diagonal support as expected. The confirmation of Vision Fund 2 will boost the price further.
will take a bath in their quarterly earnings...trend is still intact for long term investment play SFTBY
CryptoPaily
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@ATLInvestar10, check out their investment portfolio on crunchbase. So many companies which can be potential game changers or new industry pioneers. They will all boost Softbank's value in the long term.