SoFi Technologies, Inc.
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$SOFI - Single bust descending triangle?

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In earlier post this morning, I miss identified the pattern as "diving board pattern". To qualify as diving board pattern the price has to drop at least 20% from the orange base line. The price declined only about 9%. So single bust descending triangle seems a better fit.
Theoretically if the price can break above the triangle base line we should see price break above $6.0 and ultimately get to $8.
Given the market condition and student loan head winds, $8 seems impossible.
Target 1 - $5.30
Target 2 - $5.65
Target 3 - $6.0
Stop loss - $4.42 and below
Risk - falling to back to $4.42 and $3.65 in worst case.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Personal trading note. Not an investment advice.

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