SoFi Technologies, Inc.
Long

BIG SPIKE TODAY TIME TO GO LONG 2hr

232
target price of 11-12USD within 2 weeks with continued price momentum and good volume which seems to have had a nice signal today around low 8s. Keep an eye out for Sofi prior to fed speaking this friday good be some volatility to the upside incoming. I think its time to reenter long.
if it can gain bullish momentum and break through 9.09USD would be another ideal entry for price confirmation
support has been around $8 so stop loss can be applied




Consistently increasing earnings per share
Poor earnings and cash flow may force dividend cuts
Quickly burning through cash
2 analysts have revised their earnings downwards for the upcoming period
Stock generally trades with high price volatility
Stock has fared poorly over the last month
Valuation implies a poor free cash flow yield
Not profitable over the last twelve months

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