Strawberry Blonde's Market Summary: SOFTBANK: Hooked On Bubbles

WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...

* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.

* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.

* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.

* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Monday, August 08, 2022

SOFTBANK: Hooked On Bubbles

* See UPDATE below...

Over the years, I've posted numerous articles on equity bubbles bursting, at this link.

I can add another one to the list...Japanese SoftBank Group Corp. (SFTBY).

Source: Wikipedia

As shown on the following monthly chart, SFTBY hit its all-time high of 50.00 in February of 2021 and began its plunge the next month. It lost over 60% of its value by May 2022.

There has been no sustained advancement above its near-term support at 16.00 since its IPO in 2010.

Failure to hold above 16.00 could see it plummet in short order to 10.00, or lower.