PULLBACK ZONE FOR SHORT DIRECTION ENTRY - SFTBY - SOFTBANK - 4HThank 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. This might be a sign that the bearish action is possibly still going on.
We see an horizontal zone emerging, showing a potential pullback zone and good entry for a short direction positions.
The black line can possibly be the target price as it is an historical center of gravity like price.
A probable idea would be to wait for pullback and get a short entry, and, as we approach the black horizontal line, we lower our position weight by taking profits.
probably good to lower exposition if having already bought up there.. it probably can become worse.
PS.:
Hope is there, because following fundamental analysis, we can see that SoftBank is pretty active and doing very strategic investments. Are the latest's SoftBank investments to be copied to improve portfolio experience ? Robotics, Communications, Uber.... etc..
Is the black line the best place to enter from for a long direction entry and for long time ? (with the probability that in the near future the price of SoftBank stock will rise to record numbers)
