SOFI has changed its course over the last week and seems to be putting in new highs. We have a gap to close between 13.43 and 13.57 with a support and resistance being around 13.57.
The short squeeze seems to be slowing and volume seems to be returning. VWAP is sitting at 16.14, this could and possibly will retest that area once again, with time. RSI is in the oversold area at 46.81.
With an $0.80 a day move, we could see 13.50 within the next few days, provided the market or sector doesn't fall apart. If not, of course it could move back to 12 with a stop loss at 11.18.
As always, do your own research and due diligence. Let's see where it goes.
The short squeeze seems to be slowing and volume seems to be returning. VWAP is sitting at 16.14, this could and possibly will retest that area once again, with time. RSI is in the oversold area at 46.81.
With an $0.80 a day move, we could see 13.50 within the next few days, provided the market or sector doesn't fall apart. If not, of course it could move back to 12 with a stop loss at 11.18.
As always, do your own research and due diligence. Let's see where it goes.
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This stock has been trending but is currently fully valued and a hold position based upon the expert analyst with a price target of $20, $14.31, and $6 depending upon the analyst you look at and what their sentiment is for the stock. As always do your own due diligence and research. 
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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.