Picks for 11/19/21

SOFI - (SHORT) SOFI bounced after beating EPSestimates and made top at $24.65 before bouncing around at the 22.34-24.18 range. The long upper wicks on 11/11,12,15 show the stock's inability to entice buyers at that level.

The three most recent bars look like a "3 Black Crows" candlestick pattern which suggests further downside to come. The directional indicators on the ADX are showing a sell signal with DI- crossing over DI+. In addition new insider selling was reported this AM which will likely trigger additional selling.

Targeting: $19.87-$16.92 it is possible that it may find support at the 50sma or the 200sma.

Long term I like the stock, but there is some pain coming for longs in the short term.

SXOOF - Yesterday this managed to hold big gains after a significant rally on Wednesday. I remain very bullish and anticipate the rally continuing. Looking for .47 soon.

VERI - My TA was derailed by an unanticipated offering this week. The market over reacted and punished VERI severely. It appears to be rebounding. I would like to see a higher close today so I can add to my long position.

Also watching: VIXY, NLST, TGA, ESTE, EVRI, LTC (Crypto)

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