$SOFI
Added 2023-11-16 18:05:57 +0000 UTC$SOFI has declined more than its sector average today and we can see here that the 200 Day MA was the resistance line on the daily chart and the 50 Day MA is moving down quickly to intersect the 200 Day MA.....this is not a good sign if they cross.
Indications are showing that this will continue to drift down in this channel....the market is a dark red today so it is declining with a lot of good stocks too but their structures are not looking as bearish as this chart.
Let's see if there will be another test of the 200 Day MA again tomorrow.
Comments
All that matters is what happens on 1.30.24 I fully expect $10 or better.
Steve Suric
2023-11-16 20:10:02 +0000 UTC
