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Apollo_CB
Dec 6, 2023 4:12 PM

Sofi end of year price target Long

SoFi Technologies, Inc.NASDAQ

Description

Sofi has been in a large megphone channel for a long time. The stock has been heavily shorted leading into its prospective first quarter of profitability. Recently, Sofi has broken the red resistance downtrend on strong momentum. I have added in some late dated and medium dated calls to add some leverage to my large spot position. Those who interact with this post can get more details if interested. I drew a circle for my end of year price target assuming the markets behave. Tax harvesting should already be completed on this stock which is also heavily manipulated. I added ATR to give some context into how poor the volatility range has been lately. Volume is on an uptrend, I expect big things from Sofi next year and am positioned to capitalize on my call setup short and long term.
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