CHART: SOFI short interest now 31% – how to retest $24 – Agree or disagree?
Short interest is jumping on SOFI, increasing 11% in 5 trading days from 20% to 31%. 31% is very very high.
Here is what needs to happen for us to rest $24.
- Bottom forms
- Runup leading up to earnings given the past 7 quarters have showing insane growth
- Earnings knock it out of the park
Then to test $30 we need the bank charter and great Q3 earnings.
All of these things need to happen for SOFI to get back to $24 and possibly head to all time highs near $30.
Agree or disagree?
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July 14, 2021 at 06:33PM