Buy SoFi Technology on a Dip to $25-$23

18 days ago

Mark Rousen

"Beginning with stock number one, which is going to be SoFi Technology, stock ticker Sofi. And I know SoFi has the word technology in it. However, it's a financial company first and foremost with a digital twist. Taking a look here at the chart, you can see SoFi shares broke the 50-day moving average recently. And the next level of support below is the 100 day moving average, which sits around $25 per share, which I believe would be a great buying opportunity to start a position in. Then if the shares continue to fall, I believe $23 per share is where I would go in a lot more heavily."

The speaker highlights SoFi Technology as a buy on a dip, suggesting initiating a position at around $25 per share and adding more if the price falls to $23, citing key technical support levels and the company's strong fundamentals.

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