I think Anthony Noto is looking at the weekly chart too.
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
Trade active:
I was early; it did a round trip and then some to when I originally made this post.
The downtrend is still mostly intact, but the risk/reward for SOFI is too good right now.
More upgrades should follow, those that didn't hear about the first one will get excited, FOMO, new investors, etc.
The downtrend is still mostly intact, but the risk/reward for SOFI is too good right now.
More upgrades should follow, those that didn't hear about the first one will get excited, FOMO, new investors, etc.