At least the Rams won the super bowl.
SOFI
The company went public Nov. 2020 and it started 2021 with a bang in Jan with price going from 13 and touching 28.
Since then, it hasn’t done much and has not trended.
Price has been moving in a sideways channel since Feb 2021 – Jan. 2022. Between 14 and 24
A death cross occurred in Dec. 2021 signaling a bearish market for SOFI.
Jan. 2022, Price breaks down from price channel.
Price now finds itself in a small downwards price channel since breaking down from the sideways market it was in.
Price is currently at the top of this downward price channel.
It is also at FIB 0.382 level on pullback move.
Will be entering trade short.
Entry: 13.02
Exit: 14.12
Target: 10.57 – RR ratio 2.29
SOFI
The company went public Nov. 2020 and it started 2021 with a bang in Jan with price going from 13 and touching 28.
Since then, it hasn’t done much and has not trended.
Price has been moving in a sideways channel since Feb 2021 – Jan. 2022. Between 14 and 24
A death cross occurred in Dec. 2021 signaling a bearish market for SOFI.
Jan. 2022, Price breaks down from price channel.
Price now finds itself in a small downwards price channel since breaking down from the sideways market it was in.
Price is currently at the top of this downward price channel.
It is also at FIB 0.382 level on pullback move.
Will be entering trade short.
Entry: 13.02
Exit: 14.12
Target: 10.57 – RR ratio 2.29
Trade closed: target reached:
Exit: 10.57 – +18.94%, 2.29%