SOFI declined to the 200-day moving average (DMA) area, which was the breakdown target, and then bounced. It’s remarkable how technical targets are hit with such high accuracy.Currently, it is testing the channel trendline and VWAP resistance. If it can break above $13.70 and hold above that level, it could serve as a launchpad for the next leg.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.