SoFi Technologies (SOFI)
A great example of how Fibonacci Extension levels align with support & resistance levels.
Confirmations for new entry:
- Break above OBV resistance line
- Retest of 200 day SMA or break & retest of 1.00
fib ext at $8.70.
If already in the trade, congratulations. We are above the 200 SMA and it is upward sloping. It would be nice to see us break and hold above the Aug 2022 highs.
I hope this chart can help you manage the trade and de-risk at specific levels or increase allocation by skimming and reentering at specific levels.
A great example of how Fibonacci Extension levels align with support & resistance levels.
Confirmations for new entry:
- Break above OBV resistance line
- Retest of 200 day SMA or break & retest of 1.00
fib ext at $8.70.
If already in the trade, congratulations. We are above the 200 SMA and it is upward sloping. It would be nice to see us break and hold above the Aug 2022 highs.
I hope this chart can help you manage the trade and de-risk at specific levels or increase allocation by skimming and reentering at specific levels.
There has not been a negative earnings report since Nov 2021
Eyeing the 1.618 Fib Level....1.00 is support... no bad RR