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

Group 1 - SoFi Technologies, Inc. (SOFI) stock is showing signs of a potential breakout, indicated by the formation of a classic ascending triangle pattern on the chart, which is considered a bullish signal [1][4][6] - The stock has faced resistance around the $14.50 level, where sellers have been firm, indicating a struggle between buyers and sellers [4][5] - Despite the resistance, buyers have become increasingly aggressive, entering the market at higher prices, which is reflected in the formation of higher lows [5][6] Group 2 - The ascending triangle pattern illustrates the dynamics of aggressive buyers and patient sellers, suggesting that a move higher in SoFi stock may be imminent [6]