Technical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going.
DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌
Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.
DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌
Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.