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SOFI
Benzinga
5 days

Stock Of The Day: SoFi's Ascending Triangle Pattern — Sign Of A Breakout?

1. SoFi stock is showing an ascending triangle pattern. 2. The pattern suggests potential upward price movement. 3. Resistance at $14.50 currently challenges buyers. 4. Increasing buyer aggression indicates bullish sentiment. 5. Historical patterns suggest a continuation of the uptrend.

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FAQ

Why Bullish?

The ascending triangle is historically a reliable bullish indicator. Similar patterns in past trades have often led to upward price breaks.

How important is it?

The article focuses on a significant technical pattern directly affecting SOFI's price action. This informs traders and investors about potential price changes based on chart analysis.

Why Short Term?

The technical breakout may occur soon, given current market conditions. Short-term trades are likely to respond to this pattern rapidly.

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