Despite the blow out quarter, SOFI was sold off due in part by Softbank news. The stock found the bottom around $5.57 at the bottom of the channel (which was bearish target published in prior chart.).
Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50.
Target - $8.50
Risk - Failure to break above $6.50
Disclaimer: Not investment advice.
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Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50.
Target - $8.50
Risk - Failure to break above $6.50
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.