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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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.