Hey traders,
Barrie Einarson here with your morning breakdown of what makes this trade great, and today I want to talk about SOFI (SoFi Technologies). It’s a name that most people know—big brand, big stadium—but this morning, it wasn’t just the name that stood out. It was the price action. To Subscribe: https://go.trade-ideas.com/SHQ
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Yesterday, if you caught my video, I was zeroing in on stocks that gapped up and then reversed lower. But today, the pattern flipped: I was spotting gap-down setups that were reversing to the upside—and SOFI was right at the top of that list.

🕙 The Setup

SOFI triggered an alert at $20.92 right around 10:00 AM, and it didn’t look back. By the time I was recording, it had already climbed a dollar above that level. That kind of early strength after a weak open really grabbed my attention.

This isn’t just about a random bounce, though. Take a look at the daily chart. SOFI had a massive day yesterday on earnings, which carved out a gap. And what do we know about gaps? They love to get filled. That’s why I’m keeping a close eye on the $22 level—if it can punch through that resistance, we could see even more upside.

📈 Why I Like It

• Strong bounce after a gap-down open ✅
• Alert at $20.92, already showing strength ✅
• Big move on earnings, creating a gap to fill ✅
• Eyeing a break of $22 for continuation ✅

🧠 Trade Management Thoughts

If you caught the alert at $20.92, you’ve already got some room to work with. Now it’s all about watching that $22 level—that’s going to be key. If it clears, I’d expect momentum traders to pile in.

Stay nimble, keep your stops tight, and ride the wave if it confirms.

Until next time,
Barrie Einarson