SOFi in the past month as shown on the 4H chart has run up more than 80% and now appears
to be in a standard 50% Fibonacci retracement. Price has descended from two standard
deviations above the mean VWAP to a single deviation after a Doji reversal candle on
June 14th. The reversal was also marked by the RSI and the signal lines crossing at a
reading of 93 and then descending. The price volume trend indicator went from green
for increasing to a flat line and then red for decreasing. Overall, I believe that SOFI
has nearly completed a retracement. I will watch for RSI to rise above 20 and the PVT
to transition from red to green and the candles themselves for a bullish candle pattern
or formation in order to ascertain an optimal long entry. I will do this on a 5 or 15 minute
time frame chart to make the best assessment of that entry. My first target is $ 10.20
or just under the pivot high while the second target is $13.00 just under a support area a
year ago on the weekly chart. Fundamentally, I believe that the reactivation of student loan
repayments will have dramatic effects on SOFI's earnings.
to be in a standard 50% Fibonacci retracement. Price has descended from two standard
deviations above the mean VWAP to a single deviation after a Doji reversal candle on
June 14th. The reversal was also marked by the RSI and the signal lines crossing at a
reading of 93 and then descending. The price volume trend indicator went from green
for increasing to a flat line and then red for decreasing. Overall, I believe that SOFI
has nearly completed a retracement. I will watch for RSI to rise above 20 and the PVT
to transition from red to green and the candles themselves for a bullish candle pattern
or formation in order to ascertain an optimal long entry. I will do this on a 5 or 15 minute
time frame chart to make the best assessment of that entry. My first target is $ 10.20
or just under the pivot high while the second target is $13.00 just under a support area a
year ago on the weekly chart. Fundamentally, I believe that the reactivation of student loan
repayments will have dramatic effects on SOFI's earnings.
עסקה פעילה
Trade taken as SOFI pivoted this morning = trade is up 3% since then.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.