SOFI, GET READY!
Hello fellow traders and investors Sofi has recently been experiencing a pullback and looks like we're headed to test the support area marked on the chart. I am expecting a reversal after testing that area since we can see that it is a strong level of demand and selling volume is getting exhausted. it offers an 18% ROI to the 1st TP and a 65% ROI to the 2nd TP.
Entry: ~15$
Take Profit: 17.80$(1st) 24.60$(2nd)
Stop Loss: ~14$
Technicals:
-RSI=Oversold
-Moving averages still indicating a downtrend
-Exhaustion in selling volume
Fundamentals:
-Description: SoFi Technologies, Inc. provides financial services. It offers home loans, personal loans, in-school loans, and a credit card. SoFi Technologies develops non-lending financial products, such as money management and investment product offerings, and leverage financial services platforms to empower other businesses.
- Market Cap: 13.19B
- Sales Last 12 Months: 565M
- P/E: -
- P/S: 23.33
- Debt/Equity: 0.00
- Sales growth Q/Q: 167%
- EPS growth Q/Q: -
- Profit Margin: -
- Short Float: 24%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Entry: ~15$
Take Profit: 17.80$(1st) 24.60$(2nd)
Stop Loss: ~14$
Technicals:
-RSI=Oversold
-Moving averages still indicating a downtrend
-Exhaustion in selling volume
Fundamentals:
-Description: SoFi Technologies, Inc. provides financial services. It offers home loans, personal loans, in-school loans, and a credit card. SoFi Technologies develops non-lending financial products, such as money management and investment product offerings, and leverage financial services platforms to empower other businesses.
- Market Cap: 13.19B
- Sales Last 12 Months: 565M
- P/E: -
- P/S: 23.33
- Debt/Equity: 0.00
- Sales growth Q/Q: 167%
- EPS growth Q/Q: -
- Profit Margin: -
- Short Float: 24%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
Related publications
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.