$SOFI
Added 2024-05-14 17:36:11 +0000 UTC$SOFI tested its descending triangle breakout level today at $7.64, which also meant going above the 50 Day MA but it has so far stayed under the trend line.
We can see that this area between the 50 Day MA and the 200 Day MA is becoming a strong confluence level, so in order to reverse this trend, it must breakout above the 200 Day MA....which is conveniently at our blue line at $8.20, which we know has been a sticky resistance/support line.
Plan remains the same here, bullish above the blue line and at risk of drifting down lower while staying in this wedge.
Overall, I am still bullish on $SOFI for the next 2 years.
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