$SOFI
Added 2024-06-04 22:21:48 +0000 UTC$SOFI continues to move down this descending wedge and this apex is getting tighter now.
We can see that the 50 Day MA has lined up with the wedge top line now too, so we know this will be an important level for the bulls to break out of.
Flipping this level will be an indication that a reversal is on but the 200 Day MA just below the blue line at $8.24
I have said before that $SOFI is a position I would consider starting but I would either wait for this to drop below $6.40, where I find it very undervalued or when the reversal is confirmed.
For now, I will continue to watch this movement.
Those holding here should consider accumulating if $6.40 is breached.
