SoFi Technologies $SOFI Trade Idea

٦ ديسمبر ٢٠٢٣

I entered a trade on SOFI as the price closed above the 50MA on Dec 1.

We see that the price rallied since then and was facing a diagonal resistance level which we broke through today (provided that the price closes above it).

The short term MA's are sloping up indicating a short term uptrend, while medium term MA is slowly moving in the same direction.

Oscillators are looking ever extended in the short term singaling a potential pullback in price. The short term price target for me is around the $8.70 level, but medium term target is around the $10.15 level.

Hope this was helpful for the readers, follow me for more trading ideas.

Thank you,
BK