$SOFI - Possible channel breakout
Calls are paying off, and the momentum looks promising.
The price has the potential to reach a significant resistance zone between $8.00 to $8.50.
Why is this level crucial? It's because $8.00 - $8.50 represents the convergence of several resistance factors:
1. Head and Shoulder neckline resistance.
2. 50-day moving average resistance.
3. Point Of Control resistance.
4. Upper trendline resistance.
To reach to the maximum measured move of $9.80 from the channel breakout, the price must overcome this resistance. 🙏
Upside Price targets:
$8.00
$8.50
$9.80
Downside Risk:
$6.00
The price has the potential to reach a significant resistance zone between $8.00 to $8.50.
Why is this level crucial? It's because $8.00 - $8.50 represents the convergence of several resistance factors:
1. Head and Shoulder neckline resistance.
2. 50-day moving average resistance.
3. Point Of Control resistance.
4. Upper trendline resistance.
To reach to the maximum measured move of $9.80 from the channel breakout, the price must overcome this resistance. 🙏
Upside Price targets:
$8.00
$8.50
$9.80
Downside Risk:
$6.00
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.