$SOFI - Breaking Out?
$SOFI
SOFI 0.00%↑ is moving on volume for the second consecutive day, and really over the past 2 weeks it’s exploded. Wrote about it in April (below), and what I’m watching on this move is the ability to hold the 200 day (green), with an upside target near that purple line, which represents the AVWAP from the company’s IPO in November 2020.
$SOFI
·
reports 5/1. Two AVWAP’s depicted on the chart - The lower line represents AVWAP from last earnings report (a gap up). The upper line represents AVWAP from IPO (December 2020). CEO Anthony Noto was a buyer in March.