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SOFI bullish narrative... five indicators

Long
NASDAQ:SOFI   SoFi Technologies, Inc.
Moving Average Convergence Divergence (MACD): The MACD is a trend-following indicator that uses moving averages to identify changes in momentum. The MACD for SoFi is currently in a bullish trend, with the MACD line crossing above the signal line. This suggests that the momentum in SoFi is positive and that the stock is likely to continue to rise.
Relative Strength Index (RSI): The RSI is a momentum indicator that measures the speed and magnitude of price changes. The RSI for SoFi is currently overbought, which suggests that the stock is overbought and may be due for a correction. However, the RSI is also rising, which suggests that the momentum in SoFi is still strong.
Bollinger Bands: Bollinger Bands are a volatility indicator that uses moving averages to identify overbought and oversold conditions. The Bollinger Bands for SoFi are currently expanding, which suggests that volatility is increasing. This could be a sign that SoFi is about to experience a breakout move.
Moving Averages: The 50-day and 200-day moving averages for SoFi are currently converging, which is a bullish signal. This suggests that the short-term and long-term trends in SoFi are aligned and that the stock is likely to continue to rise.
Cup and Handle Pattern: The cup and handle pattern is a bullish reversal pattern that is often seen in stocks that are about to break out to new highs. The cup and handle pattern is currently forming in SoFi, which suggests that the stock is about to experience a breakout move.

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