SoFi Short-Term Trade Call with Defined Stop Loss and Target

about 1 month ago

"Let's start off with the short-term view. I want you guys to be aware of some bullishness and bearishness. We are climbing nicely off of this recent dip. However, we have recently, just today, established what could be a double top. Double tops are bearish. They get confirmed if the valley of the two peaks gets crossed. And so, the real danger zone for SoFi moving forward is $28. I had mentioned that in a recent video where 2750 was needed to hold as support. Now, since we popped $3, you can see that I've raised the stop loss to 30 bucks. And if we can close a candle above 3204, we're going to squeeze to $36."

The speaker provides a short-term trade call for SoFi, noting that while the stock is trending upward off a recent dip, a double top pattern has emerged. He emphasizes a danger zone at $28 and confirms his raised stop loss at $30. A breakout above the specified level could push the price to $36, suggesting a bullish but cautious trade setup.

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