SoftBank: Boom Or Bust?
In 2022, I posted several articles on SoftBank's (SFTBY) reckless business investments and failures, which can be found at this link.
I'm not convinced that their new AI partnership with "Stargate" members will prove to be any more profitable for them than those, which were not...or that their investment will be any more wise than the others, which were not.
Time will tell.
Overlayed on the following monthly chart of SFTBY are a number of technical drawings depicting a long-range rising channel, a "chaos zone," and a "froth zone."
The current price is currently trading in the upper portion of the "froth zone" and is at the top of the channel.
Failure of price to rise and hold above the upper levels of the "froth zone" and channel at 35.00 could see some volatile swings in either direction within this zone, until it becomes clearer to investors as to the viability and sustainability of SoftBank's latest capital venture, described above.
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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