SOFI Bank to Shoot Up, SOFI Technologies, Major Bullish Candlestick, One White Soldier, Banking
Channel: DanMarket Investor Channel (DanMarketL)
Date: 2023-04-27

Today SOFI bank shows a major bullish candle on the daily chart.  The name of this bullish candle is One White Soldier.  The One White Soldier candlestick happened to SOFI twice in the last couple of years.  Once on 9/15/2021.  You see how the stock went up in the 2 weeks after that.  Another time was 7/27/2022. You can also see how the price went up in the few days after that.
I analyzed SOFI Bank in my April 12 video.  In that video, I mentioned that because SOFI is a fairly new bank, it’s been generating negative net income in the last couple of years.  I expected SOFI to breakeven around June of this year and that I expect the stock to shoot up when more people start to realize the SOFI net income will FLIP into the positive territory.   Looks like that’s starting to happen now.  

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