$SOFI
Added 2024-06-11 12:31:22 +0000 UTC$SOFI is now testing its wedge breakout level and we can see that the 50 Day MA is also here too and sticking its own head through this breakout level
This is a very important level at $7.15, a breakout here and flipping this level to support would be very bullish for $SOFI and I would expect a move back up to the blue line at $8.24 next, where the real battle again takes place.
If there is a rejection at the wedge trend line, then the price will continue into the apex of this wedge and $6.40 may hit, which is a buy target for me to consider a position.
I can't rule out starting a position at this price.
Comments
Short interest in April and may has been 180m shares, ~17% of outstanding shares. I have had bed luck with stocks shorted to this degree. Have you seen correlations with % short and price direction?
Minus0
2024-06-11 14:21:21 +0000 UTC
