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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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.
If you like this post, follow me and subscribe to my posts for more technical analysis charts (FREE).