Long

SOFI: One The Move!

Updated

SOFI has been on tight consolidations for a long time. It's starting to make a move.

Note

we hit the first target but there is a chance of further drop down to 6.7 before the next leg up. We shall see how the earning plays out.

Note

following a good ER, SOFI took a nose dive throughout the day. MMs are not done with milking the retail and pushing this sideways. After this ER, though, path to a higher valuation is much more clear. We are waiting for a close above 7.88 as a final confirmation.

Note

Attempting to break $8 was rejected twice today, however the chart still looks bullish. Waiting to see the breakout and consolidation.

Note

well with the market going down the trash, there is nothing to see here. Invalidated.

MarkitMaven

Market Maven: Never Miss a Move.

Disclaimer: This is not a financial advice and all posts are for educational purposes only.

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