$SOFI
Added 2024-04-30 15:58:38 +0000 UTC$SOFI did not get the desired reaction post earnings as the bulls wanted. The 50 and 200 Day MA was not successfully flipped to support, the 50 Day MA rejected almost immediately.....unlike $PYPL that went into its earnings day above its 50 and 200 Day MA and moving quite bullish.
$SOFI is having a tough day today too as the 10 YR pushes higher ahead of the Feds announcement tomorrow
However, as long as it stays in this descending wedge structure then this just becomes a time issue, meaning, you just need to wait longer if you are currently holding.
My approach to $SOFI remains the same, under $6.40 I would consider a position, mainly because I prefer to be in $PYPL.
But under $6.40 is attractive to me
Comments
Which is better for long term, between pypl and SOFI ? I have small position in both. If we were to add current levels, where would you add ?
Kapil Pandey
2024-05-01 19:41:57 +0000 UTC
