Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

SOFI – Numerous Rejections at the White Resistance Zone, Likely to Rebound Here and Attempt a Breakout

Written By: ChartChamp

April 4, 2024

Initially I thought that SOFI would drop back down towards the yellow trendline. However, I think that SOFI is a lot more bullish than I anticipated. I think there is a rebound forming here, and SOFI is likely to make another attempt to break through the red trendline and white resistance zone. There were numerous failed attempts to break above the white resistance zone, but I think SOFI could continue to power through and form a breakout over the next few weeks and months.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

SIRI Losing Support Despite 1:10 Reverse Stock Split

SIRI has announced a 1:10 reverse stock split, which is usually bearish for most stocks. SIRI is also losing support at a key support zone between $29.90 and $36.48. I think SIRI desperately needs to rebound around $24.50 to have any hope of climbing back above $29.90 support. If SIRI fails to remain above $24.50 […]

Read More
Default Thumbnail

MRNA Declines by 17% After Changes to Future Plans

Moderna announced plans to cut $1.1 billion in expenses by 2027 as it adapts to a post-COVID business environment. The company aims to win approval for 10 new products by 2027 but will also pause or scrap some projects to manage R&D spending. Moderna’s shares dropped by over 17% following the news, reflecting concerns about […]

Read More
Default Thumbnail

MPW Spikes Up After Severing Ties to Steward Health

Medical Properties Trust (MPW) announced a global settlement with Steward Health Care System and its creditors, which allows MPT to regain control over 15 hospitals and transition their operations to four new quality operators. The agreement ends MPT’s relationship with Steward and ensures that the hospitals remain operational under new management in states such as […]

Read More
Default Thumbnail

SIRI Losing Support Despite 1:10 Reverse Stock Split

SIRI has announced a 1:10 reverse stock split, which is usually bearish for most stocks. SIRI is also losing support at a key support zone between $29.90 and $36.48. I think SIRI desperately needs to rebound around $24.50 to have any hope of climbing back above $29.90 support. If SIRI fails to remain above $24.50 […]

Read More
Default Thumbnail

MRNA Declines by 17% After Changes to Future Plans

Moderna announced plans to cut $1.1 billion in expenses by 2027 as it adapts to a post-COVID business environment. The company aims to win approval for 10 new products by 2027 but will also pause or scrap some projects to manage R&D spending. Moderna’s shares dropped by over 17% following the news, reflecting concerns about […]

Read More
Default Thumbnail

MPW Spikes Up After Severing Ties to Steward Health

Medical Properties Trust (MPW) announced a global settlement with Steward Health Care System and its creditors, which allows MPT to regain control over 15 hospitals and transition their operations to four new quality operators. The agreement ends MPT’s relationship with Steward and ensures that the hospitals remain operational under new management in states such as […]

Read More