Apollo_CB

Sofi retracing to fib

Long
BATS:SOFI   SoFi Technologies, Inc.
Sofi seems to be magnetized to the .114 Fib that I drew on the daily from the most recent macro swing high. The megaphone channel is still in play and the stock really cant catch a break. Between insiders selling and their loan revenue coming under scrutiny, the blood is real. I hold a large amount of spot shares and have traded the stock with options in the past. This fib level should provide support, I marked all the obvious touches with blue arrows to belabor my point. If the stock meaningfully falls past this level I think it will become decimated. My belief is that this stock has been highly manipulated by traditional bankers because they view it as a threat. Sofi customers tend to have above average credit scores, annual salaries and other positive metrics.

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