The Long Investor
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$SOFI - WATCHLIST -
🕑 Added 2025-03-05 11:57:56 +0000 UTCI have added twice now to $SOFI between $13 - $14 and mainly due to the chart being very bullish and attractive, here are the facts:
Wave 2 held the 0.78 Fib after a long consolidation
Wave 3 responded aggressively after this consolidation and ran exactly to the 1.618 Fib at $18 which is perfect
Wave 4 pulled back in 3 waves, usually we look for the 0.38 Fib to hold but after a high volatility in the market, the 0.5 Fib was used as support, this is as STANDARD as it comes.
We have a bounce so far, which is why I added a second time.
Remember, we always split our allocation of a new position into a number of parts, so if a share price does drop, we can add again and lower our average, this is what a DCA strategy is.
All of this is basic level at this stage, we all should be very familiar with how to invest and read charts now, the lessons are available, I supply this information on most charts too, let's start leveling up now.
