The Long Investor

$SOFI

Added 2025-03-31 12:17:25 +0000 UTC

We really need to focus on positions that are in their Wave C right now if you considering adding at the moment, you do not want to be adding anything in Wave 5

I would urge everyone to be really greedy for support confirmation now too.

Any positions I have added over the last month, I added after a pull back and I like the risk v reward set up and will also have no issue adding again, I stayed away from any risky positions.

$SOFI is back to its 200 Day MA now in the PM and still at a higher low position but with the market showing weakness we must be aware of the downside risk and that is the 0.618 Fib at $9.67 here, which is also the standard ABC pull back level.

Holding on the 200 Day MA would be a higher low and that is good news but we can't rule out $9.67 getting tested if a wave of fear sweeps the market.

$SOFI is a position I will be adding too once support is confirmed.