$SOFI
Added 2024-01-03 17:03:11 +0000 UTCI know the $SOFI bulls in our group have not given up on this just because it has pulled back aggressively today, it has had a fantastic few weeks jumping from $6 to $10 and this pull back is certainly needed.
So where is the pull back testing now?
Exactly on the blue line, which has been our Bull Case line all year, the market understands the significance of this line as an important resistance/support line. Holding this line will be important and bullish.
What is also just slightly underneath this line?
The 50 and 200 Day MA to offer further support.
So a hold at either levels and then recapturing the blue line will be a positive move for the bulls and the impulse wave.
Comments
I believe based on the behavior of this stock. See the month of June July, the Blue Line will be $8.30. Tested 2-3 times and then jumped to $13-14. similar pattern in summer. Good luck to all of us.
Ilia$
2024-01-03 18:58:57 +0000 UTC
