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!
