It had another killer drop to below $5 just to see it scream higher afterward. If you get the general direction right, the precision is the icing on the cake. I continue to like SOFI towards $12 and maybe even higher. Don’t forget to ring the cashier for some and enjoy life! Markets will be here tomorrow and the day after. New money in this trade might want to wait for EW pullbacks.
Original post below from April 13th
SOFI It’s been forming a base since the summer of 2022. A reversal pattern.
I do like it here as it’s pulling back in the golden zones.
It has the potential to reach 12 over the next 12-24 months. Maybe sooner.
The 150-day is flattening out, and the price getting used to being above it.
Cris