so would you take a look at Sofi stock go baby let's freaking go we closed over $8 per share for the first time and I don't even know how long you guys can see the stock went up over 7% on the day up 54 and we're completely breaking out of the highs on the 5-day chart and on the 10day chart and I believe on the 20-day chart as well right yeah we're taking out the highs from the last month so we have to do an update on the charts my thoughts what I'm looking to do and of course we'll break down the indexes if we have time later in the video and overall why soofi went up today so guys hit the like button make sure to subscribe and don't forget to get up to 20 stocks from Mumu with at least a $100 deposit the clock's ticking guys and your uninvested cash will earn up to 8.1% apy that's until Jerome pal and the FED cut rates which that's happening very soon so again use that link down below or go to ster fest.com slmo get your stocks and of course that is an affiliate link I appreciate you all as always and with that being said let's dive right into the video so talk about a big move for Sofi guys which again I can't remember the last time we closed over $8 per share and I definitely can't remember the last time we had a plus 5% Green Day let alone a plus 7% Green Day in fact earlier in the day guys we were over $830 or right around $8.30 looks like exactly $830 which means at one point we were up almost a dollar per share on Sofi stock or around let's see here 11% which is freaking awesome guys and full disclosure I'm long Sofi I bought this stock initially I think in October or November so it's closing in on one year of me um initially buying Sofi stock and I've been adding over the months right over the course of this year my average cost right now is right around $6.80 which means percentage wise roughly right now with today's move included I'm up around 17ish percent 18% on my position which honestly is not too bad and I think it's going to go a lot higher over time uh which I'm sure a lot of you guys agree with especially if you're in the stock or at least I hope you'd agree with that if you're in the stock right so we are looking really good we're looking really good on all these time frames again 5day 5 minute we're at a high 10day 30 minute 20day 1 hour you name it we're looking really good and here on the 4H hour time frame we we are now starting to take out the highs from the middle of July end of July being about $7.90 to about $8 per share and that means when we hit $8.30 today we pretty much hit a high uh a four-month high pretty much a four-month high on the stock today and you guys can see now we're approaching the highs uh looks like here from the end of April where we hit the mid 8 so the news that we got today ladies and gentlemen is the US Supreme Court has declined to revive the Biden administration's student debt relief plan which let's be honest man we all knew this was BS from the get-go I mean what what do you guys think did you actually think that student loans were going to get uh relieved let's be honest now nobody actually thought that that was all politics Biden right which both sides do this the the the Republicans the Democrats this is not a one- party thing right they try and buy votes by making you believe that oh we're going to do this oh we're going to do that it's all Bs a pipe dream right all these things to make them Vote or make the American people vote for the politicians right but half the stuff they say they're going to do it's all Bs it's not actually going to happen and we got news today that again that that that I just said uh that we're essentially not going to get uh student debt right relieved which I think is good because the last thing I want to do or want to see is the US taxpayers uh paying for um this student debt relief program because guys trust me and and I'm sure a lot of you know this already nothing is freaking free in this world right whenever a politician says oh we're going to just hand out a bunch of stimulus checks or we're going to do this we're going to cut student debt it's not free somebody's paying for it somewhere behind the scenes right and in this case uh the taxpayer right so we got that news and of course Sofi provides student loans they have a lot of uh student loans out there and it caused the stock to go up 7% which again is awesome right and the inverse Head and Shoulders that we outlined in a recent video is playing out or I guess it fully played out at this point you guys see right here the left shoulder we got the head right here if it wants to work boom you guys see that and the right shoulder is right here so at this point that fully played out and I'm thinking if Sofi is able to break out of the mid 8s which it sure looks like it wants to do that guys we're actually looking really good on this 4H hour chart we have a golden cross as well which could indicate more upside if we break the mid 8 I might as well set my alert there right now we could see a lot more um upside and we could actually fill the Gap in my humble opinion to about $920 $930 which that was actually the high from the end of February also it looks like here from the end of January we peaked in the mid n roughly um so that's that's looking good man we have another big window right here then if we break the mid 9 baby steps guys let's not get too far ahead of ourselves but if we do break the low mid 9in um 930 roughly then the next main resistance is around $10 to $1050 that's freaking unbelievable right so yeah Sofi is finally starting to look good guys and if you held on if you were buying this dip if you have not panic sold you're finally starting to get rewarded a bit right now and we're not fully breaking out it's not like we're ripping to the moon or anything like that uh but the tides are slowly starting to turn and we are now up around 40% off the lows from a couple weeks ago and I suspect this will only get better um with time right with the FED cutting rates um with just in general smaller companies small caps in general doing well uh the Russell had a 7% Green Day today the S&P was flat Dow had a 6% I think the Dow hit an all-time high today the vixs went down 85% back in the mid 15s so I think we're looking good guys and the uh the path is paved nicely right now for Sofi to continue to move to the upside which again I'm long I'm well positioned I'm in the stock in the the high sixes pretty much 680 roughly is my average cost and I'm not necessarily looking to buy more here I kind of already bought a bunch of Sofi over the months I'm just holding on right now to what I got right I'm holding on to what I got and if it does pull back which is possible you never know but if it does come back to the low sevens the sixes again all right maybe I'll Double Down add more to my position but for now I'm personally holding and I'm curious what you guys are doing as well let me know in the comments down below and we might as well just wrap the video up right here smash the like button don't forget to subscribe here on YouTube and to get your free stocks don't forget to get up to 20 stocks for Mumu with at least a $100 deposit and your uninvested cash will earn up to 88.1% apy which guys that's unbeatable it's a no-brainer it's unheard of so use that link down below or go to stys surf.com the clock's ticking get your stocks and I'll catch you in the next video