After a 135% surge in four months, the rise of SoftBank (SFTBY.US) abruptly stopped. Technical indicators and analysts are both flashing a "yellow light".
According to the Wisdom Finance app, after experiencing a significant increase in the stock price of SoftBank (SFTBY.US) earlier this month, the short-term upside potential may now be limited. Despite the stock price skyrocketing by over 7 trillion yen (approximately $470 billion) in a single day on Monday and reaching a new all-time high, some investors, including Sparx Asset Management Company, believe that the stock's rapid 135% increase in four months is too fast and caution against the risk of a pullback.
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