SOFI Pullback

After nearly doubling in a month the RSI is well in to overbought territory and the most recent candle created an oversized upper wick which indicates bears tool control.

Looking for a move down on lower daily volume. Targeting the $6.70 level for a buying opportunity.

1st target $6.60

2nd target $9.53

Kommentera:

SOFI appears stronger than I anticipated with the most recent candles showing strength by opening higher on the 13th and also closing well above the long upper wick (6/9). In addition the 6/13 candle closed just under the 3.61 Fib after making a dragonfly doji with higher than average volume.

Short term target $10.4 before pulling back.