SamSuka
The Long Investor
The Long Investor

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$SOFI

Very good week for $SOFI and has run to its 200 Day MA with a breakout above this level yesterday but did not finish the day holding above it, with the negative news on Rate Cuts out this morning, I suspect this will start its healthy pull back now, so I have added in the white fibs levels and we can see that the 50 Day MA is aligned with the 0.618 Fib at $6.78, making this a confluence level, so this would be the ideal place for a pull back to reach and hold.

A higher low here and you should consider a position.

$SOFI

Comments

SoFi bounced on 0.5, do you think this correction is now over?

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