SOFI SOFI is doing well. The Daily Chart shows that SOFI is trading above all EMAs. Today's candle breaks out of the Ascending Channel. Normally, Ascending channel is Bearish but breaking over the Ascending channel is Bullish. If next Monday, the Bullish trend will be confirmed if SOFI has another green candle that is opened and closed above the top Ascending Trend Line. Both RSI and MACD are pointing upward and in the Bull Controlled Territory. The RSI is in the overbought territory at 75 but still has room to run. The Weekly chart shows the similar data with the exception that RSI is only 68 and not in the overbought territory. So it definitely has room to run next week if market condition is favorable. The Monthly chart is interesting...it has a deformed cup and holder formation but the Cup is deformed. If wasn't for the deformation in the middle of the cup, I think SOFI would certainly tear it up. Nevertheless, my target for SOFI is still $20.
SOFI looking at it from analytical standpoint point hold the line hold your position. Momentum is to much bullish. Looking at the daily RSI still half way more to go before we will get a some what of a pull back unless it gets out of control. SOFI has the opportunity to become a giant. Volume and price action support a ATH break out! Everything is pointing up I would TP at around 100PE ratio then TP 150PE and hold 25-30percent for the rest of the ride if it continues up. I’ll be looking to rebuy at 50PE, 75PE and 100PE.