WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST!

23 באוק׳

SOFI

🖐️WE GOT A 5/5 TRADE SETUP ON SOFI

My trading strategy consists of 5 Indicators:

1.) A clear and clean Charting pattern setup.
✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout.

2.) A Volume Gap to fill and strong buying area.
✔️ Volume gap up to $13.

3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time.

4.) RSI rising and making higher lows.
✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart.

5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band.
✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band.

Short🎯 $11.70
Long🎯 $15.83

Bonus: Bullish sentiment behind the name and lots of catalysts.

Hope you enjoyed!
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Not financial advice.

24 באוק׳

הערה

SOFI HAS BROKEN OUT OF THE CUP N HANDLE! $11.70 INBOUND!

24 באוק׳

הערה

If your in this name with options or shares I would take some profits here. I see a pullback to retest the Cup N Handle breakout pattern. Take profits and then recycle them back into the stock for a larger trade once we have retest and confirmation of a bounce off the pattern. Then we will go much higher...$12+. It's always wise to take profits into earnings as well, which are next week.
RETEST area $10.65-$10.80