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Apollo_CB
Jan 16, 2024 4:07 PM

Doubling down on SOFI Long

SoFi Technologies, Inc.NASDAQ

Description

Sofi has revisited a prior area of long term resistance. Will this hold for support? This heavily manipulated and shorted stock has been a real roller coaster. I still hold a large spot position and doubled down on 10$ strikes for June on this dip today. I expect profitability to throw the market for a loop and a short-squeeze on earnings. My price target is still 11.2$. A shorter-term area of interest would be the Daily .5 fib of 8.6$.
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