SoFi Technologies, Inc.
Long
Aktualisiert

Possible Breakout

1 150
Falling wedge in progress. Breakout to $10.10 might be in play. Need more volume to come in to make this happen.
Trade ist aktiv
$10.10 has become support and now $13.56 is in play. Earnings in 8 days and a positive report might push it to hit $13.56.
Trade ist aktiv
Also be aware that a deeper cut to $8.50-$9 is very possible. There's some hunting below the $10.10 support, plan your stop loss and avoid being hunted.
Trade ist aktiv
Yesterday it went low as $9.77 , but buyers came in to support $10.10 (.236 fib). IMO a healthy move would be to be in this $10.50-$12 range for a few weeks before it attempts to break $13.56. Slow an steady will create healthy supports and low-term investors will have more confidence in starting a position.
Trade ist aktiv
IMO the name next resistance is $11.75. After that $13.00 will be the hardest resistance to break. The longer it takes to build and break, the better.
Trade ist aktiv
Impressive that SOFI is holding strong through all this blood on the streets.
Anmerkung
Looking good, needs to break $13.56 and make that the new support.
Anmerkung
Looking good. Looks like $16 is next.

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