SOFTBANK - WEEK CHARTHi, today we are going to talk about SOFTBANK
We observe a D1, some important points. The details are highlighted above.
Thank you for reading and leave your comments if you like.
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4519, Chugai Pharmaceutical Co. - Breakout on ascending triangleTSE:4519
Net breakout of the resistance of this ascending triangle.
As always, one of the parameters for deciding whether or not to enter our trade is the Yield Risk ratio, in which winning trades allow us both to compensate for the small losses we make 60% of the time and to create that extra margin for regular profitable activity.
Remember: Trading is an activity like any other and you must undertake it as a professional and not as a gambler looking for the winning trade of life ...
finance.yahoo.com
1332 Forecast Report by Using Artificial IntelligenceTSE:1332
The goal is to keep a track record of performance of the investment opportunities that have been recommended through artificial intelligence.
Forecast Report:
LAST PRICE
$ 606.00
POSITION
HOLD
CHANCE OF SUCCESS
94,49%
PRICE TARGET
$611.86
1301 Forecast Report by Using Artificial IntelligenceTSE:1301
The goal is to keep a track record of performance of the investment opportunities that have been recommended through artificial intelligence.
Forecast Report was:
LAST PRICE
$ 2815.00
POSITION
BUY
CHANCE OF SUCCESS
55,57%
PRICE TARGET
$2878.62
Insomniac Games Acquired by SonyThe Japanese company Sony announced on Monday that it would buy Insomniac Games. As a result, this will make Insomniac the 14th internal studio under the Sony Interactive Entertainment banner.
However, the firm has not yet closed the financial terms of the acquisition. And also, it did not give any information about it.
Shawn Layden is the chairman of Sony Interactive Entertainment Worldwide Studios. Then, Layden stated, “Insomniac Games is one of the most highly-acclaimed development studios in the industry.”
And he also pointed out the video game developer’s legacy of the best-in-class storytelling, and its gameplay is exceptional. According to the chairman, for years, they enjoyed a powerful collaborative partnership with the studio. And now, they will officially welcome them to be part of the Worldwide Studios family.
“The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences,” Layden added. And this is only available on the PlayStation platform.
In addition to that, Insomniac Games founder and CEO Ted Price announced that the firm has now greater opportunities after joining the WWS. And it will help them achieve their vision of creating positive and lasting impressions on the lives of people.
Price stated, “We’ve enjoyed a special relationship with PlayStation practically since our inception.” The CEO also showed how excited they were in this latest move for their growth with WWS partners. Above all, they aim to give fresh and new experiences for the fans.
“Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this,” Price added.
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Bonus Bonus chart: SoftBank weaknessCouple 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 is now ranked up there with dumb money as it habitually overpays for acquisitions. 9984 paid $45 for Uber pre-IPO and no prizes for guessing the mark-to-market on that "investment".
#5 Upward sloping wedges almost always breaks lower. Son almost lost everything during the tech bust, he has not changed his MO so why would this time be different?
Nissan Motors Close Above Ascending TriangleBuying Nissan Motor Co. on the open. SL=766.20 TP1=805.20 (assuming entry is near 789,.60.) Nice ascending triangle with increasing trader disinterest.
Close 1/2 position at TP1 and move stop on the remainder to break even.
Follow stops on remainder until the trend ends.
Mori-Gumi wave 4 bounce possibleHello,
This post is for me primarily. Here is a relatively undervalued equity paying 4% dividends and a PE of 5. Just another stock that I have decided to chart in my search for undervalued Japanese stocks.
If you think US, EU etc treasury bond yields are low try a negative yield in Japan. A 10 year bond returns -0.05% (yes negative) and a 2 year -0.156 as at the 15th of May 2019. Compared to submitting yourself to a guaranteed loss, some low to medium dividend stocks must start to look attractive to the market.
Anyway, my post is conditional; A long entry may want to wait until a small rise and then a higher low being set before entering. Making it back to the 0.382 fib level would be over 60% and the 0.236 fib level: 32%.
Now, I may have counted wrongly and the 5 wave, wave C down has already terminated (it is rather hard to tell given the price action). In that case, expect higher highs.
Ueki Corp - points to significant Japanese equity undervaluationShort term - short (but not in a position so just waiting),
Medium + LT term long.
Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value.
I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will likely buy because:
- Ueki's market cap, for example, is almost 63% lower than its net assets. Compared to U.S. equities that is comparably significantly undervalued. As at December 2018 the average S&P 500 price to book ratio was 2.8 (and this was AFTER the December price drop). Compare that to a P/B value for Ueki of 0.35. i.e. The Company could be liquidated now and would return significantly more than the current price per share to investors.
- Investment Banks are entering long the market - seeing the market as oversold: www.cnbc.com I also read an article a while back that said Morgan Stanley is advising clients to exit US equities which will cause many to look elsewhere in the US and overseas for better value risk adjusted returns: www.investopedia.com I'm not sure if that is the one though,
- Likely due to having been in a 30 year bear market, the Japanese equity market likely has, on average, less downside risk as compared to US stocks: www.bloomberg.com
- My TA points towards a significant appreciation of the JPY vs the AUD, USD, and EUR. If this happens, any returns will magnified. Despite its significant debt load (230% of GDP+) Japanese citizens are willing to take a financial hit buying government bonds with negative interest rates in order to support their Country.
- There are likely better, if not more undervalued, equities out there than Ueki. I feel encouraged to search for some deals.
Thanks for viewing






















