$SOFI
Added 2024-07-09 14:53:54 +0000 UTCAnother rejection trying to get out of this strict wedge, we can see the tip of the wedge now leads to the earnings date at the end of July, this would put enormous pressure on the price action at this point and I believe that if $SOFI issues a flawless report and good guidance then this can break to the upside and finally break out of this wedge.
50 Day MA would be the first target at $6.80, followed by the 200 Day MA at $7.60 next.
A weak report and there is likely a strong breakdown, the final Fib 0.887 Fib aty $5 is a possibility.
