$SOFI - Bounced from bottom channel heading to $8.56
Despite the blow out quarter, SOFI was sold off due in part by Softbank news. The stock found the bottom around $5.57 at the bottom of the channel (which was bearish target published in prior chart.).
Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50.
Target - $8.50
Risk - Failure to break above $6.50
Disclaimer: Not investment advice.
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Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50.
Target - $8.50
Risk - Failure to break above $6.50
Disclaimer: Not investment advice.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).