$SOFI
Added 2024-12-30 16:29:46 +0000 UTC$SOFI has not rejected yet but the set up now is a small head and shoulders pattern and this usually signals that a top is in or shortly in.
We still haven't hit the 1.618 Fib but the US 10 YR being high will put pressure on this sector and we can see that $PYPL has held under its own 1.618 Fib too
So I would be leaning on expecting a test of the 50 Day MA next and if this is lost then the Wave 4 target on the 0.38 Fib should be the next test at $13
I think this movement has been healthy for $SOFI.
Comments
Feel like they’ll be a very good opportunity to get in on SOFI in 2025 at sub $14 levels like you indicated if the market turns sideways.
Daniel
2024-12-30 18:59:41 +0000 UTC
