I think I am beginning to like this classic bumbum formation.
SOFI broke from the classic bumbum formation and retraced back to its support levels at $8.
It has recently started making a bullish reversal move back to $15, in the turn forming an inverse head and shoulder formation.
https://tradingview.sweetlogin.com/x/tQBZt057/
If the current momentum is sustained and the $16 resistance is cleared; I expect a move towards $23.34.
💼 Position
Type: SOFI 15 Call
Expiry: July 11, 2025
Quantity: 10
Average Cost Basis: $0.58
Date Purchased: June 10, 2025
Last Price: $1.01
Total % Gain/Loss: +75%
SOFI broke from the classic bumbum formation and retraced back to its support levels at $8.It has recently started making a bullish reversal move back to $15, in the turn forming an inverse head and shoulder formation.
https://tradingview.sweetlogin.com/x/tQBZt057/
If the current momentum is sustained and the $16 resistance is cleared; I expect a move towards $23.34.
💼 Position
Type: SOFI 15 Call
Expiry: July 11, 2025
Quantity: 10
Average Cost Basis: $0.58
Date Purchased: June 10, 2025
Last Price: $1.01
Total % Gain/Loss: +75%
Trade active
Type: SOFI 15 CallExpiry: July 11, 2025
Quantity: 10
Average Cost Basis: $0.58
Date Purchased: June 10, 2025
Last Price: $1.2
Total % Gain/Loss: +108%
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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.
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.