To The Moon

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 support on weekly timeframes and tends to signify reversals. We saw something similar on Carnival (NYSE: CCL) which I have covered in an earlier article. Subsequently, the stock retested its weekly 20MA (on CCL), which suggests further upside to 8 on SOFI in the nearer-term. On the daily timeframe, it is clear that the pattern is bullish in the longer-term. Note the bullish divergence forming with multiple legs, as we try and break out of the falling wedge pattern. Moreover, increased volume at these levels. Now, the one thing that I worry about nearer-term is the following: Note the unfilled gap at 6.05-6.10, which would align with a retest of the 78.6% Fib retracement at 6. If we are unable to hold the 20MA on the daily (aligning with the 61.8% Fib at 7.22), then it is likely we will get another leg down to create a final low around 6-6.10. Ultimately, any dip buys, especially for shares, would be effective so long as we do not break down from consolidation. Considering we are entering a short-term “weak window” for stocks, this near-term bearishness needs to be taken into consideration, as it would give time for investors to accumulate more shares lower down. Sentiment: BUY Summary (with Price Targets - NFA): Cup and handle pattern, currently in the handle consolidation phase) Accumulate shares around 6-7 (around these levels) Minimum measured move would firstly be to 11.70 (July 2023 high) and subsequently wick fills at 13 (March 2022 high) and 13.55 (Feb 2022 high). Note the daily gap fill levels - Downside (5.48-5.59, 6.05-6.10) and Upside (10.28-10.31, 22.63-22.75) Note the weekly gap fill levels - Downside (5.49-5.59) Note weak window would be from now into mid December, as well as sometime within Q1 2024 (Jan-Mar’24) @TigerEvents @TigerWire @TigerStars @CaptainTiger @MillionaireTiger $SoFi Technologies Inc.(SOFI)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $SPDR S&P 500 ETF Trust(SPY)$ $GameStop(GME)$ $AMC Entertainment(AMC)$