Nov. 14 at 11:42 PM
$SOFI: Current market context shows the stock closing at
$27.82, with an RSI of 44.6, indicating a neutral position, neither overbought nor oversold. The MA30 at
$28.72 is above the current price, suggesting short-term downward pressure, while the MA50 at
$28.12 indicates a potential support level. The 60-day high of
$32.73 and low of
$22.90 defines a range that could guide price movements.
Directional bias leans slightly bearish due to the proximity of the MA30 and the current price. Suggested entry point is at
$27.50, just below the last close, to capitalize on potential upward movement. Set a stop-loss at
$26.50 to manage risk. Target 1 is
$28.50, near the MA30, and Target 2 is
$29.50, approaching the MA50. This plan allows for a balanced risk-reward strategy while considering current market indicators.
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