Diegolas_

Diegolas_ Updated 

The Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal. Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators: 1. Formation : This pattern is...

Diegolas_

In my opinion, SoFi's current position in the fintech industry is strikingly similar to how Amazon benefited during the dot-com crash. As the banking sector faces a crisis, I believe SoFi is poised to capitalize on the situation, much like Amazon did when numerous internet startups went under, leading to an influx of consumers flocking to Amazon.com. As...

Diegolas_ Updated 

NASDAQ:SOFI Been speculating that we are past the bottom of this current downtrend. Upcoming earnings/guidance coupled with being granted a bank charter may be catalyst enough to complete a reverse head and shoulders pattern and make its way back to the mid $14s for the completion. Volume declines have been consistent with the classic pattern and will be looking...

Diegolas_

Can't ignore the possible head and shoulders ... would be great to see this close around or above .315 today to see a potential breakout to the upside in a few days and rejecting the H&S thesis. Buying pressure needs to increase soon. Another attempt at retesting the ~.30 support could be make or break. Volume continues to decline and the possible right shoulder...