IPOE appears oversold and primed for a reversal.

I received a oversold confirmation today on my daily chart today. Displayed above is the 4H and 1D charts. These events do not happen very often so I thought I should make note of it here for reference. I would like to note that this appears be moving up on low volume, so it could be a false reversal, but it might be a good time to average down or start a small position.

I have been long since the merger was announced and eagerly await the day IPOE becomes SOFI.
I am also long FSR, PSTH, IPOD, and IPOF.

Note

The chart continues to climb, up over 15% since posting this idea.

Note

Note

Up 26% since alert and still much room to run. Expect this to hit 25, may top out around 30.

StuBuzzzini

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StuBuzzzini

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