https://preview.redd.it/o8lhnils2k2h1.png?width=418&format=png&auto=webp&s=6741cc648f43c4d5893fffcb4cc1f22c3429d4dd
Think SoFi has found its bottom, double bottom rejecting above the weekly 200 EMA, MACD showing signs of selling exhaustion, edging closer to breaking free of the magnetic pull of max pain. RSI in nuetral territory with room to run.
Fundamentals support it being undervalued on its growth with a forward PEG <0.6 right now based on their guidance and growth rate.
Multiple minor acquisitions lately stacking up for the financial ecosystem build out
Growing membership
CEO has dropped \~$2M in the past 2 months into the stock
Suspect that once the institutions start unwinding their puts that it's likely to pop with the downside risk being limited and a "safer" stop loss being just below the weekly 200 EMA which currently sits at $14.8
NFA - I've been stacking sub $20 and have an average of $15.35 currently and plan to hold long term, just sharing the setup for a potential swing.