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PaperBozz
Sep 24, 2022 12:40 AM

$SOFI - Basing with decreasing volume Long

SoFi Technologies, Inc.NASDAQ

Description

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SOFI looks like has been basing around 5.30ish area with decreasing volume. This support area is also 100% fib extension.
The stochastic is showing oversold area.
If $5.30 ish support area holds and we head back to upper resistance area of 7.70ish. 💥🚀💰
If the support breaks down, the next support is $2.24. That would less than half the book value and I don't believe we will get there unless Russia launch a nuke!
Target - $.7.70


Disclaimer: Not investment advice.
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Comments
Imaking
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agreed! it's going to $8
PaperBozz
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@Imaking, This could also become a triple bottom.
Imaking
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@PaperBozz looks like a triple bottom. thoughts on Sofi now?
PaperBozz
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@Imaking, Yep. Unchanged from last published.
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