Apollo_CB

Sofi testing a breakout

Long
BATS:SOFI   SoFi Technologies, Inc.
Sofi has remained in a megaphone pattern for a while with an additional downward trendline staying true. This test on the 4 hour is the first candle body above the line since the Megaphone started. RSI has been on a steady uptrend. Sofi is approaching its first quarter for a goal of profitability. The stock is heavily shorted. I recently entered a 6 month call setup to leverage my bags 10$ strikes as I have been very bullish on this stock despite the short-sellers. If we get a bounce here, I expect a solid 9$ sofi within 30-40 days or more.

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.