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Emaclouds

SOFI - Daily Chart - Levels of Support and Resistance NASDAQ:SOFI 2 Levels of support; solid white and dotted white lines. The dotted line is allowing lower lows The solid line is allowing higher lows Look for the upper/solid support line to be respected in order to continue setting higher lows and continue an overall bullish uptrend If the lower/dotted line is broken with confirmation, the bears will have control. _______________________________________________________ 2 Levels of resistance; solid yellow and dotted yellow lines. The solid line is a much stronger resistance The dotted line could be flipping to support if buying pressure can overtake the sellers in the selling pressure zone. Look for the upper/solid support line to be broken in order to start a new upward resistance trend in order to set higher highs. 5 daily candles have used this line as support, 6 have used is a resistance. Note the large gap in price around earnings in August. This in my opinion was a market overreaction in which the lower support was respected perfectly. Refer to 2nd chart for EMA clouds and how they interact with these zones/levels
NASDAQ:SOFI
by OccamsPhazer