1
SOFI stock price fell 12.35% in the current week.
2
SoFi Technologies’ stock price faced rejection from $9.00 and dropped below the 50-day EMA.
3
SOFI stock formed a head and shoulder bearish pattern.
SOFI stock price fell 12.35% last week and formed a bearish reversal pattern. It faced rejection from $9.00 and began to decline by forming lower lows candles.
SoFi Technologies’ stock price is in a correction phase and dropped below the 50-day EMA. It shows that the short-term trend has reversed down and sellers are getting active on the higher levels.
However, the 200-day EMA is still placed lower which will act as an immediate support level for the bulls.
Previously, SOFI stock price took support near $7.50 and showed a strong bounce. The buying volume also rose indicating that some genuine investors have injected the money.
Later, slow and steady price rises and attempts to break the $11.00 hurdle were seen. But after the
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