Falling wedge in progress. Breakout to $10.10 might be in play. Need more volume to come in to make this happen.
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$10.10 has become support and now $13.56 is in play. Earnings in 8 days and a positive report might push it to hit $13.56.
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Also be aware that a deeper cut to $8.50-$9 is very possible. There's some hunting below the $10.10 support, plan your stop loss and avoid being hunted.
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Yesterday it went low as $9.77 , but buyers came in to support $10.10 (.236 fib). IMO a healthy move would be to be in this $10.50-$12 range for a few weeks before it attempts to break $13.56. Slow an steady will create healthy supports and low-term investors will have more confidence in starting a position.
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IMO the name next resistance is $11.75. After that $13.00 will be the hardest resistance to break. The longer it takes to build and break, the better.
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Impressive that SOFI is holding strong through all this blood on the streets.
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Looking good, needs to break $13.56 and make that the new support.
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