Apollo_CB

Sofi retracing to fib

Long
BATS:SOFI   SoFi Technologies, Inc.
Sofi seems to be magnetized to the .114 Fib that I drew on the daily from the most recent macro swing high. The megaphone channel is still in play and the stock really cant catch a break. Between insiders selling and their loan revenue coming under scrutiny, the blood is real. I hold a large amount of spot shares and have traded the stock with options in the past. This fib level should provide support, I marked all the obvious touches with blue arrows to belabor my point. If the stock meaningfully falls past this level I think it will become decimated. My belief is that this stock has been highly manipulated by traditional bankers because they view it as a threat. Sofi customers tend to have above average credit scores, annual salaries and other positive metrics.

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.