Looking at 
SoFi which has been basically accumulating in the $12-24 range this year.
Starting in June, the volume profile increased significantly, followed by a 40% increase in price.
I see this going one of two ways, it either breaks through the diagonal now, followed by a dip post-earnings reporting -- Or, it gets rejected at the diagonal, creating the handle, before taking off around earnings. Regardless, I would expect a drawback around earnings, considering their miss in q2.
SoFi which has been basically accumulating in the $12-24 range this year.Starting in June, the volume profile increased significantly, followed by a 40% increase in price.
I see this going one of two ways, it either breaks through the diagonal now, followed by a dip post-earnings reporting -- Or, it gets rejected at the diagonal, creating the handle, before taking off around earnings. Regardless, I would expect a drawback around earnings, considering their miss in q2.
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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.