What’s NEXT For SoFi!? Time To LOAD UP?🔥

SoFi stock hit almost $20 a share this morning. I know, crazy. I had to wipe my eyes and do a double take, guys, but this begs the question, is it finally starting to break out? Let's talk about it, man. Let's break down the charts, what I'm doing, and overall where my head's at in this market. So, guys, hit the like button. Make sure to subscribe. Join my Patreon if you want to keep up with my portfolio updates, my trades, my investments. If you want to be a part of my private Discord, it's all linked down below, pinned in the comments, or go to stasherfast.com/patreon. And now, cheers, guys. I appreciate you all for tuning in. As always, let's dive into it. So, we can see this morning we almost hit 20 bucks a share. We hit $19.75, and we uptrended all pre-market. And then, right before open, this thing took off like no other. From 1890, about 5 minutes before open, all the way to 1975, roughly. That was a 5% move. And now we're trading at 1875. So, we have given back, um you know, we gave back some of the gains, but that doesn't take away from the fact that we're actually starting to break through some key levels. And the more we pull the the charts back, the more you actually see that right? And this this breakout to 1975 is the first time we actually broke out into the mid-high 19s, I believe in a couple of weeks, right? It's been a couple of weeks. So, on this 30-minute chart, you guys see exactly that. We're starting to break through these highs from the last week or two. Excuse [clears throat] me, guys. And on the 1-hour time frame, you really see that. And you're noticing, okay, we have a golden cross on the horizon here. And if we pull up this 4-hour time frame and zoom in a little bit, do you guys remember that wedge that we talked about in my video? Was that yesterday or maybe the day before? Either way, we covered this wedge on SoFi stock. Now, we're starting, as of this morning, to break through it. That leg up brought us, again, to a multi-week high. Essentially, we tested the highs from the end of May, right? About a month and a half ago. We hit that high. And as of now, we did get rejected. We did get rejected at 1980 75, which, again, that's where we hit this morning. That was the high from the end of May. That is something worth monitoring, but the fact that we broke through to begin with out of this wedge, that leads me to believe, "Hey, maybe at some point next week, early next week, we retest that breakout, right?" We're showing the signs of momentum. They're there. That's a good sign for the bulls. So, now we're actually back in this wedge with that pullback we're seeing intraday, but we're still up 1% on the day. And again, the bulls are still um alive and well in the short term here. They were down and out a couple of weeks ago, but they've been putting in a fight, the bulls. Uh you know, we can see higher lows being made here. Again, we took out the wedge, even though we're back in it now, that showed us momentum, um you know, to multi-week highs. That's a phenomenal sign. Now, will we take out 1950 to 20 bucks? Will we test it again and actually take it out? That's the million, the billion-dollar question at this point, which, if I had to guess, based on the price action, it looks like, again, the bulls are alive and well. They're coming back to life. I think there's a good chance, it's not guaranteed, nothing's guaranteed in the market, but I think there's a good chance we do actually take out $20, maybe even before earnings. We have earnings coming up at the end of this month on the 29th, uh which I believe that is a Is that a Monday? I don't want to say for sure if that's a Monday. It might be a Tuesday. Um either way, at the end of this month, and I think honestly there could be a little run into earnings. We're already seeing that momentum building up. I think this could continue to go, build up into the print, and then we might actually get a classic sell the news event that we It seems like we always get here with SoFi. So, be careful, right? Be careful. Yes, it's starting to build momentum. I think we could break out potentially into earnings, uh but judging off of history, man, after earnings, there's a decent chance we actually might give back not all the gains, but a good amount of gains. It's happened before, and uh I got to warn you guys about that, you know? It's uh It's part of my job here to show you guys the charts and warn you of what has happened in the past. Not that it will happen again, but it is something that you got to pay attention to. The fact that we have sold off a lot of times here after earnings, especially when the stock has ran into earnings like it did last time. You know, last time SoFi had a great run to about 19-20 bucks. It actually hit over 20 bucks, and then earnings came out, which they crushed EPS, revenue, members, products, you name it, and the stock sold off. So, you got to keep that in mind, but overall, the setup does look pretty decent here. Inverse head and shoulders. You guys see it right here, the left shoulder, the head, the right shoulder. We have that wedge. Now, all we have to do is break 20, and I think there's a decent chance that happens over the coming weeks heading into earnings. What do you guys think about that? Let me know in the comments. And by the way, hit the like button. Make sure to subscribe, especially if you're watching on YouTube. I think 50% of you watch the content, but you're not hitting subscribe. Hit that subscribe button, man. Hit that notification bell. We don't only talk about SoFi here. Look, we talk about the entire market. We're making videos every day, long form, short form, and you don't want to miss them, guys. that subscribe button. I appreciate you all for tuning in on YouTube and on Facebook, for that matter. All you guys are awesome. Thanks for all the support, as always. So, that's a quick breakdown on SoFi. Pretty good day so far, and the entire market look, it's all over the place. The Russell's down half a percent. The Qs are up now a quarter percent. The Dow's up a quarter percent. The What am I missing? The S&P is up around a quarter percent. So, nothing crazy out of the indices here, but a lot of individual stocks are moving, especially you know, some of these big tech names. These AI stocks are rebounding. Nvidia in particular, which I'm going to make a video on later. So, make sure you guys stay tuned for that. But, Nvidia's back to 210 here, guys. 3 and 1/2% up move today, and we called it out. Look, this is not a surprise. So, make sure you stick on for that next video, or you're subscribed, stay tuned, whatever. You guys know what I mean. For that next video. And look at Mercado Libre. Was I not pounding the table on Mercado Libre? This thing's up over 4% now. We're pushing 1,900 a share. We're almost at multi-month highs on Mercado Libre. We will be if 1,900 breaks, which was the resistance from back in April, early May. That's coming up, and something tells me something tells me uh we're getting ready to run through that. You know, this stock has had no business to be down trending for as long as it has been. You know, this is not a terrible company. It's not a bankrupt company going bankrupt, right? It shouldn't be down this much. It's a fundamentally sound business the market's finally starting to realize that especially after last quarter when they crushed earnings the stock went down. It almost didn't make sense and I bought that dip. I talked about that in my previous video. I added more Mercado Libre in the 1500s and look at us now guys pushing 1900. We're looking pretty good. Tesla is is back over 400. Like you guys know Tesla is the ultimate you know, seesaw whipsaw stock. Whatever you want to call it. It's up one day down the next under 400 back over 400 under 400 back over 400 and I genuinely think this setup right now is setting us up for a move back to the mid 400s, right? I could be wrong, but this to me is a clear inverse head and shoulders. You guys see it right here left shoulder head right shoulder. Now we're back over 400. Like I said 1% green day and we're back over these moving averages. I think Tesla is now you know, really it's just been consolidating the last month month and some change in the 400 you know, high 300 range. The setups clear. We've put a we've put in a new bottom in my opinion. We're consolidating the inverse head and shoulders is now forming. This is getting ready for blast off in my humble opinion. I don't know if it will before earnings. We have earnings coming up on the 22nd so in literally less than 2 weeks, not this upcoming Wednesday, but the Wednesday after that, we have Tesla's earnings. So, I don't know if it's going to take off necessarily before that. I mean, it might it could run another 10, 20 bucks, who knows, but I think a big blast off move could be coming after earnings heading into, you know, the the deeper back half of this year. Um you know, I'm talking September and you know, August into September, October. I think that's where Tesla could really start to push um towards 500, which is what I'm holding it for. Um I think we'll get there. And I'm not selling till we get towards $500 a share. Then, hey, I'm probably going to take some profits, maybe all my profits on uh Tesla stock. We'll see. I'll keep you guys posted. Um so, with that being said, that's pretty much it. I hope you guys found value in the video. Make sure to hit that like button, subscribe, do all that good stuff, and check out my Patreon if you want to keep up again with my actual portfolio [clears throat] updates, my trades, investments, all in real time. If you guys want to see how I sell options to create income every single month, all that's on Patreon, and you get access to my private Discord. Check it out. Link down below, pinned in the comments, or go to stossurfest.com/patreon. And with that being said, cheers. I'll see you guys in the next video.