SOFI trade ideas
SOFI Retracement on the short term, Bullish on the long termRetracement on the short term, SPY looking weak and due for a correction due, Finra investor margin debt is on at ATH relative to GDP (source: www.finra.org). Still have a bullish pre-disposition with $SOFI, playing the market highly defensive - will be doing partial to full hedging on portfolio these next 60 days. Tread carefully guys and good luck!
SOFI - This Is The BeginningHello everyone,
I hope you are doing fantastic.
We went through the SPAC merger with amazing volume and great price movement.
I would say that this is one of the best value plays at the moment and we got a rather cheap valuation of around 2.3B Market Cap for the stock, which gives us plenty of growth potential.
The company may very well be one of WSB's mentioned stock, so this may further drive the price up.
Also, it does have the potential to get on the ARK portfolio in the future, which would further increase the price.
The minimum price target on the stock is $50 in my opinion and I would say we should be there until the end of the year.
I see this as a pure long-term play and the price we are getting at is more than amazing.
I wish you good luck and stay green!
SOFI On A Severe Market Pullback Buy This NameNot Advice and do not short it - This new fintech co. has one of the best CEO on the planet - Do your own DD and watch the RSI for a low/buy signal.
