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%
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