Hi, today we are going to talk about SOFTBANK
We observe a D1, some important points. The details are highlighted above.
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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...
Couple of things to unpack with Softbank, 9984:
#1 Lower 78.6% high from previous peak
#2 Previous peak was reversal off a massive long-term wedge resistance marking major tops from 2006
#3 Broke down from 30M SSR and key MA support
#4 Softbank is super levered and materially dependent on unicorn valuations for its acquisitions to keep 9984 share price up. ...
Softbank has come under increasing scrutiny for its eye-popping investments and corporate governance practices. Investing almost a billion into a company embroiled in a massive accounting fraud scandal (Wirecard) is not what I would characterize as best use of shareholders' capital.
Starting from the 2009 trough, the stock has completed 5-waves up with the price...
Commercial office space start-up WeWork announced it has $4.4 billion from SoftBank and its related Softbank Vision Fund, which includes other investors. The deal includes $1.4 billion earmarked to help WeWork expand throughout China, Japan and Southeast Asia, as well as $3 billion in growth funding into WeWork's parent company.
CNBC had previously reported that...