1
Sofi stock (NASDAQ: SOFI) fell 28% in the current month.
2
Sofi Technologies Inc. stock drops below the 50-day EMA with signs of a bearish trend reversal.
3
Sofi stock price eroded the gains generated after the release of quarterly earnings.
Sofi stock (NASDAQ: SOFI) fell 28% in the current month and formed a bearish pattern. If faced rejection from $11.70 and is continuously declining by forming lower lows.
Sofi stock price dropped below the 50-day EMA which showcases the initial signs of bearish trend reversal. However, the prices still hold the 200-day EMA which is likely to act as immediate support for the bulls.
At the beginning of June, Sofi’s stock price broke out of the $8.00 hurdle which triggered a positive sentiment. After consolidating for a few weeks, Sofi shares rallied 40% (approx.) and hit a high of $11.70.
Sofi Technologies Inc. released its quarterly earnings on July 31, 2023. It reported an EPS of -0.06 and
We współpracy z: https://www.thecoinrepublic.com/2023/08/21/sofi-stock-nasdaq-sofi-fell-28-will-the-downfall-continue/
