The Long Investor
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$SOFI
🕑 Added 2025-04-30 19:44:00 +0000 UTCMy commentary under the $SOFI chart two days ago:
'$SOFI does have a habit of being volatile after earnings, so a retest of the green line and the 200 Day MA could be next at $11.60, a hold here and it would be a suitable place to add to catch the momentum higher once the earnings is a beat and offers no guidance concerns.'
$SOFI is like clockwork, when you spend hours each day watching these charts, you learn how they move, the market knows that the retail investor sees that $SOFI has a cult following and they will pump into earnings and sell post earnings but the cult following always end up buying.
The good view here is that the 200 Day MA is exactly at the green line now too at $11.70, protecting it from infringing upon Wave 1.
So no changes to the impulse wave, a hold here on the 50 Day MA or the 200 Day MA and this should move higher as expected.
