$SOFI - RC -
Added 2023-08-28 21:56:01 +0000 UTCBattling like a lot of stocks at the moment to hold a crucial support line, which is in between our two blue lines at $8.20 and $8.50
Unfortunately the 200 Day MA is a good bit lower at $6.60.....unlikes $PYPL and $SQ who are both well below their 200 Day MA right now and undervalued.
$SOFI's business model is certainly different to those two, so it is not a surprise to see a difference between them.....high interest rates is likely playing its part here too.
Still in Wave 4 and looking to move up with the market too next for Wave 5 to possibly finish the year around $13.
If the blue line is lost, the likely spot for support next is at the 200 Day MA.
