SOFI as a fin tech company has been volatile. Besides the issues of student loan
forgiveness, the federal adjustments of the intrabank overnight rates and inflation
inparting the budgets of its customers, the landscape has landmines and its litterd
with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some
greed competing against fear with...
SOFi in the past month as shown on the 4H chart has run up more than 80% and now appears
to be in a standard 50% Fibonacci retracement. Price has descended from two standard
deviations above the mean VWAP to a single deviation after a Doji reversal candle on
June 14th. The reversal was also marked by the RSI and the signal lines crossing at a
reading of 93...
We are in the middle of the wedge on NAVI . I personally entered the trade at $6.97 on the bottom of the wedge and am holding for a swing high to $8.00-8.25 range. Expecting this to be a 2-5 day hold, depending on how the SPY holds up. Would love to see other analysis if you have it.
With an ~ 50% recovery in asset prices since the first selloff, rational baby boomers will liquidate their holdings now and through the summer.
Fall will likely bring a second wave of Covid; with it the masses will pull out of equity markets all at once. Dow will cascade down to 10K as all buyers step to the side.
Millennials, strapped with debt, won't be able...
