SOFI EARNINGS CHART, BRING YOUR BEAR SPRAY. BIG DROP TO UNDER $5
Current price takes it down 36% to price target.
Closes the gap on the weekly.
Earnings at this specific time when things like yesterday happened on the big stocks.
And Snap going 30% up after going down big in the morning.
This move fits within the currently reality of price movements.
Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH.
Could be really big.
Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17.
But it would be good to see the downside first on this earnings call.
And setup for a big run as the meme stocks start to fly.
Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days.
Good luck with whatever you choose on earnings!!
Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile.
Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside.
The orange trends are fairly strong rejection trends.
The support trend is fairly strong.
BUT the weekly has a wicked nasty last drop showing.
I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
Closes the gap on the weekly.
Earnings at this specific time when things like yesterday happened on the big stocks.
And Snap going 30% up after going down big in the morning.
This move fits within the currently reality of price movements.
Even if we head up some 12% on the day and it's bullish, watch for the drop into the AH.
Could be really big.
Good news for bulls, the price target at 4.45 to 4.9 is an entry target to go long up to 17.
But it would be good to see the downside first on this earnings call.
And setup for a big run as the meme stocks start to fly.
Mid 6 is support and could see a bounce and maybe we see the rest of the downside on Monday finish out throughout the next few days.
Good luck with whatever you choose on earnings!!
Personally, I see the downside coming. But I'd like to see some upside today on sofi to really pull the price swing to a pretty large percentage move, and give puts some more upside. But I'm not sure as I haven't looked at this stock in awhile.
Price targets and trends are marked. Those should be fairly good to use, but with earnings, it will break a lot of them quick in both directions. But more so on the downside.
The orange trends are fairly strong rejection trends.
The support trend is fairly strong.
BUT the weekly has a wicked nasty last drop showing.
I'd say normally we'd hold that support trend, but they have been breaking hard in the AH earnings moves.
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Cashapp: $nicktussing
Venmo: @nicktussing
Donations appreciated, NOT AT ALL REQUIRED OR EXPECTED.
Cashapp enters my YOLO account.
Venmo gets donated to the local Animal Shelter.
