On Friday the 28th SOFI had a good day. I am looking for more of the same going
into earnings. It dropped through the middle VWAP bands and remarkably rebounded.
Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band
is normal and healthy. SOFI as a financial technology has been honing its margins
in a challenging environment. I see a long trade here and will take it being careful
to take profits quickly and pay attention to the earnings release. A stock trade on an
the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on
dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest
quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
into earnings. It dropped through the middle VWAP bands and remarkably rebounded.
Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band
is normal and healthy. SOFI as a financial technology has been honing its margins
in a challenging environment. I see a long trade here and will take it being careful
to take profits quickly and pay attention to the earnings release. A stock trade on an
the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on
dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest
quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.