PaperBozz

$SOFI at a crossroads

BATS:SOFI   SoFi Technologies, Inc.
SOFI came close to $7.22 and then bounced. It is currently at the neckline. The price would need to clear $9.20 to create a new uptrend and invalidate the Head and Shoulders pattern.

The MACD is narrowing, and the RSI is curling up.

Friday's candle printed a shooting star, suggesting that there are sellers above $8.

Currently, it is at a crossroads. However, the price breaking above $9.20 would favor the bulls.

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