$SOFI
Added 2024-11-11 15:11:09 +0000 UTC$SOFI is certainly feeling the love lately and has now jumped from $7 in Sept to $14 today.
The 3.618 fib is at $15, which would make this bounce extended but we are seeing this happen on a lot of charts lately
I would not be adding here and booking some profit here makes sense, be cautious about fighting this trend, parabolic moves like this have strength and shorting too early can have massive consequences.
A pull back is due and I think to the green support line at $12 is an appropriate level to target for now.
When I see the bounce slow down or complete, I will add the Amber Fib support levels for the ABC pull back.
Comments
Are we in a pullback already right now?
manjunath
2024-11-14 16:34:20 +0000 UTCLocked in profits and will re-enter on a significant pull back… that was a fun ride
CJM
2024-11-11 15:23:09 +0000 UTCMany thanks for the update Cap! Looking forward to the ABC correction for a re-entry
Kad
2024-11-11 15:15:10 +0000 UTC
