Good day everyone,
Softbank Japan has had many capital ventures that have been proven toxic and with low return over the years, their biggest scandal being the way they handled the WeWork scandal and bankruptcy.
Currently they have another huge liability and that is the Revolut LTD company which they own a share in their private IPO.
Revolut has been in the...
Buy idea on 9984 as you see on the chart because we have the breakout with force the vwap indicator by a big green candle with a large green volume.Thanks!
I am looking at entering the trade tommorow.
Unless of course there is a large gap up.
This trade is like a bet on Japanese economy in some ways.
What makes this attractive is an extremly strong level of support being set at these levels, the result of a buy back valued at 9 Billion!!!
finance.yahoo.com
The profit taking level I outlined is mostly...
Idea for Softbank:
- Evergrande's temporary suspension has it out of sight and out of mind, but it is expected to default on the 18th. How soon they forget. The corporate bond market collapse is not localized, but instead is spreading:
- We have reached the end of a Yen Carry Trade Cycle:
- Japan is #1 in the world in debt, boasting a Debt-To-GDP of 266%...
9984.JP
Softbank Group, given the most significant player in Asia PE / Fintech and leverage it does take a Macro implication.
Upside capped by Pitchfork.
Testing multi-year support
A possible H&S pattern.
$USDJPY
$NKY
Likely to retrace more before finding support as bearish candlesticks appear. Long if it finds support near the recent break out level at top of channel.
A further push higher for Softbank this morning in Tokyo, trading as higher as ¥7680 intraday for a 2-day gain of 21% from my alert on Monday.
In addition, the share traded it's highest volume since March 2020.
For more insights and real-time ideas, whether you are a retail/individual investor or industry professional, get in touch today.
Doesn't always happen, but it's nice when something gets going immediately.
Softbank Group sharply higher in Tokyo today (one of the biggest large cap movers in the region ) : Strong reversal candle to close +9.86%, on the highest volume traded since 11 December 2020.
Yesterday's idea attached.
If you foresee a recovery in Chinese technology names, you could also consider the KWEB ETF or Softbank Group (TSE) which holds stakes in these as well as other/broader tech investments. The chart shows a possible double bottom technical formation at prior demand/supply, which is also in line with the 61.8% Fib. Volume in recent sessions also of interest. Last...
Thank you for the like, comments and shares! Much appreciated! This is not financial advise, just ideas on probable market evolution.
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The trend has probably changed as the very strong blue up trending line has been frankly and strongly broken.
The price is now evolving under the bearish channel....
Read article here and here
First, the humongous losses that will be hard to explain to the shareholders.......and next come the departure of Jack Ma., leaving the board of directors. This is a double whammy!!!!
I believe the share price over the next few days or weeks will be hammered down.
Let's see how it goes....
Don't know exactly but this thing smells funny. It like has all the red flags and it has everything that signifies this bubble and today's hubris. If one big bank is going down. This might be it. One more lockdown this winter and this high flyer might go down in flames like the Hindenburg.
The roof, the roof, the roof is on fire. The roof, the roof, the roof is...
