My Watchlist [22]: 30/11/23
@TBI:
Moving forward, I’ll focus on quality setups over quantity. SoFi Technologies (NASDAQ: SOFI) On the monthly chart, it appears to look like a “coiled spring” setup. Note the higher lows being put in, with the higher lows on RSI. We are also seeing increased volume in the monthly candles with a significantly tighter range, as the stock bases over its monthly 20MA. Sellers are getting tired, while buyers continue to accumulate on dips. You can also see what appears to be a cup-and-handle setup, with a falling wedge handle into support. Just based on the pattern alone, the measured move would be a move back to 11.70 and higher once consolidation is over. On the weekly chart, something worth noting is how SOFI has retested its weekly 75MA. For some reason, this 75MA has acted as significant sup