The Long Investor
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$SOFI - WATCHLIST -
🕑 Added 2025-03-07 19:52:57 +0000 UTCA lot of positions came under enormous pressure this week and we were watching closely for support levels to see if they would hold and watched for any infringements upon the top of Wave 1's.
In $SOFI's case, the price needed to stay above the green line at $11.70, so not to infringe upon Wave 1.
So far this has been successful and the price is already back up above the 0.5 Fib now at $12.51
I did start a position here last week and I am comfortably holding, what we want to see next week is for support to continue to hold and then the start of Wave 5 developing, watching for a series of higher highs and higher lows next to start this impulse wave.
A hold above $12.20 would be another good buy entry to consider.
