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PortfolioBuildersClub
Jun 8, 2023 4:11 AM

SOFI - Can it break through the next Resistance Level? Long

SoFi Technologies, Inc.NASDAQ

Description

SoFi is up about 50% since mid May. Can it make it to the 100% gain level around $10? Well Sofi has to breakthrough this key zone first. SoFi is trading above the 200 day EMA ' blue watermark'. Even though price is above the 50 day moving average, the 50 day moving average is below the 200 Day EMA 'blue watermark'. Therefore, there may be a pullback before price attempts to break out again. In order to get back to all-time highs SoFi will have to increase in price by 400% from the discount level. Do you think it is time for SoFi to takeoff?
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