WED 6/25: SOFI – CALLING A PROFIT TAKING 1ST SELL SIGNAL $16.14 +4.8%

12:26 PM – We’re locking in some gains on SOFI today with a 1st SELL SIGNAL call at $16.14, capturing a +4.8% move since our BUY. This is a profit-taking sell, booking 1/3 of the position while letting the rest ride as long as the trend stays intact.

Price has been steadily rising and is somewhat extended short term. These also may be some resistance at the round-$16. Taking some off here is consistent with the system’s goal: capture strength, reduce risk, and keep upside exposure.

CLICK/TAP CHART TO ZOOM
Chart services courtesy of stockcharts.com. Annotations by James Taulman.