$SOFI

I think there's a good chance that SOFI 's is finally finished. The next few days it will be worth watching this stock. If SOFI manages to close above the downward channel this week and it doesn't get instantly sold on Monday I could see it have some explosive upside. Otherwise, we may be in for another test of the lows.

I have a long position in the shares that I entered into in January and on which I have taken partial profits in June. At this point, I am not buying or selling, but depending on how the next few days play out I might either increase my position again, or close it out altogether.

Comment:

Just noticed a typo: The first sentence of the original idea should read: "I think there's a good chance that SOFI 's DOWN TREND is finally finished."
Apologies for any confusion.

Trade active:

With the Fed decision behind us and the stock holding its ground, this trade is now on. I am adding to my SOFI position.