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 for an uptick in buying pressure soon to see this through. This would also indicate to me a potential reversal. This may present good buying opportunities in the mid $14s. Not advice, this is my own speculation
Note
Still seems likely that this is what is unfolding, though it is seemingly less symmetrical with an extended right shoulder
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.