$SOFI
Added 2023-10-20 14:43:07 +0000 UTCLets be clear $SOFI has been doing a lot better than $SQ or $PYPL but they are not immune from the pressure of high interest rates and the problems this will have on liquidity.
This is why the amber corrective wave down is here and although we don't want to believe it, the chart is showing that the price is leaning towards it.
It has rejected at the blue line which was also the 50 Day MA, so like a lot of stocks right now, it is coming close to its 200 Day MA and will need to try and find support here.....if it doesn't then we know where this is going.
People believed that the bounce at the start of the month here was showing a reversal but you have got to give the price action more time.....we are seeing this on the $PLTR chart now too.....people believed it was going to the moon again but the conditions are difficult right now.....remember this is a defensive stock during a war and it is still struggling.
So let's take our time here before we jump to conclusions.
Comments
They will be. As always
makis
2023-10-20 17:50:50 +0000 UTCEr will make or break this ticker. LT Sofi is here to stay. If the yields start dropping as per your chart along with good Sofi ER the ticker will rise. 10 days to go
Steve Suric
2023-10-20 15:42:52 +0000 UTC7.40 should bounce from here…
Be Blessed Enterprise
2023-10-20 14:51:43 +0000 UTCI hope Capt. NOTO has a big surprise!
Be Blessed Enterprise
2023-10-20 14:51:15 +0000 UTCAnd if earnings are incredible in 10 days…?!
CJM
2023-10-20 14:45:53 +0000 UTC
