$SOFI
Added 2024-01-04 18:36:19 +0000 UTCTechnical analysts all see the same things on charts and so do the market makers, so there is no surprise at all to see $SOFI finding support on the blue line and bouncing 3% today for some relief.
On the 1hr chart we can see that the bounce has brought this up to test the 200 Day from below, I suspect $SOFI will not be able to break above this level today but a continuation tomorrow may help.
The pull back from $10.50 has also brought the price action to inbetween the 0.5 Fib and 0.618 Fib, so this is a confluence level, bulls want to defend this level now....a successful hold and this may be a good area to buy.
Comments
MMs stealing shares from retail before SOFI reports their first quarter of GAAP profitability later this month
Jeff Yi
2024-01-04 19:05:50 +0000 UTC
