My target of $9 is less than a 50% increase for this bull run. If this bull run lasts for a 100% increase, the stock price could reach $12 to $12.50, which aligns with the measured move of the outer wedge's breakout.
Although the RSI has entered the overbought territory, the MACD just crossed the zero line, indicating it still has room to run.
Also, the fact that Sofi closed above the VWAP and 200DMA combined resistance is a big help with the momentum.
Shorts have not yet covered in force. In fact, some may have doubled down during this run-up, as shown by the bottom red bars in the chart. This suggests there is fuel to light the fire when a positive catalyst emerges. 🚀💰
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。