SoFi Stock Drops. Buy the Dip? The Chart Gives a Hint.

The market is struggling on Thursday. Unfortunately for SoFi Technologies  (SOFI) – Get SoFi Technologies Inc Report bulls, the stock is not sticking out because of its outperformance, like Costco Wholesale  (COST) – Get Costco Wholesale Corporation Report.

Instead, the stock is easing, off about 7% on the day. It had been down as much as 13% earlier in the session. At today’s low, the stock was down almost 25% from this week’s high. That’s a tough three-day skid for the bulls.

Whether it’s a meme stock or growth stock, SoFi has had a tough short term.

Source: https://www.thestreet.com/investing/buy-the-dip-in-sofi-stock-on-student-loan-extension?puc=yahoo&cm_ven=YAHOO&yptr=yahoo