SamSuka
The Long Investor
The Long Investor

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$SOFI

Tough day yesterday for $SOFI and I added my honest opinion about $SOFI before the market opened yesterday so I don't think I should labour on this too much today.

The price rejected at the 50 Day MA on the daily chart at $8.06 yesterday, below the blue line but also found support at the 200 Day MA at $7.37 to finish the day, this also completed a gap fill too.

So $SOFI is again in the middle of the 50 and 200 Day MA and again I believe this could go either way, as the two MA's get tighter and tighter to each other, this will break up or down but will not stay at this level.

So a break to the upside and the bulls need the price to get above the blue line at $8.24.....a break to the downside and it follows the amber count down.

$SOFI

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