SOFI As Sofi been stuck in a side channel between 20$-14.95$ its time to test if it can experience momentum and uptrend in upcoming 1-2 Weeks. We see a higher low closed phase looking to see a higher high here touching the 19$-20$ region again and test if it will reject or break it.
This is coming at a time where XLF just broke 52$ and shows a bullish momentum on higher timeframes 4H, 1D, W. here:
XLF Case Scenarios:
- Test 19$-20$ again and fail, allowing to TP and then accumulate again around 16-17 region
- Test 19$-20$ again and Break, looking to reach 20$, 22$, 24$ levels then possible after some swings testing new supports targeting the longer term rejected level of 30$ where it have reached ATH last time around 32$.
Double bottom at 4H:
SOFI Setting at DCA of 18.25 for clarity, hope to go back to 20$ make sure to break, if fails I will sell and continue accumulation at lower tested supports.
This is Not A financial Advice but an attempt at Technical Analysis.
Appreciate your comments and feedback! Cheers!
Trade ist aktiv
Next 2 Days proved signal to be correct, back to $17ish then today again testing $18.20-18.90. if we close above 18.70 at least it would be a good indication of an approved up trend to reach $20 again.My P/L is still below 2% not selling yet until I see SOFI breaking 20 and resting above 22 with clear target upwards.
Anmerkung
Should have ended day above $18.20-$18.70 unfortunately, S&P dropped harshly so back to $17.75. lets see.Anmerkung
Okay, this was reaction to holding FED rate and Hawkish view. still bullish and recovered above 18.00 this morning.
Anmerkung
19$ should be a matter of time here, good news came out on another acquisition Anmerkung
2D TF Update signal popped for a buy Anmerkung
Smart money starting to move on this as well, surprisingly the timing is readable by retail investors, ARK Investments Cathie woods just bought 200K Sofi stocks. Let's see some rolling!
Anmerkung
Choppy days with market falling again due to Iran but this is still to meet its God at 21.5$ anytime soon:
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.