SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual);
• Now SOFI is correcting along with the indices, therefore, this is a systemic correction;
• We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not;
• Either way, if it loses today’s low, I see SOFI correcting more, probably below $5;
• It all depends on how it’ll react today. I'll keep you guys updated on this.
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Sofi
SOFI: Flying today! What's next? Post-Earnings analysis.• SOFI jumped after earnings, but it hit a critical resistance;
• In the daily chart, there’s a resistance area made by the previous top levels seen on September (blue area);
• In the weekly chart, SOFI just hit the 21 ema. In addition, the trend is still bearish, as SOFI could do a higher high and it is still below the 21 ema;
• However, it seems it found a strong support at $4.82 (red line);
• In order for SOFI to reverse the bear trend, we must see a stronger bullish structure, not only a fast/intense bounce to its resistances;
• Since SOFI is showing some weakness, in theory it’ll retest its support levels next, like the 21 ema or the $5.70 (previous top).
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SOFI: New ALL-TIME LOW! Is it the time to buy?• SOFI is crashing sharply today, and it did a new all-time low today, at $4.79;
• However, it seems it’ll close above the previous all-time low / support at $4.82 (black line);
• If SOFI is about to react, now is the best time. Below this point, there is no other technical support level to work with, and then only a very strong bullish reversal sign would reverse the bear trend again;
• By reacting at its all-time low, we can assume it might bounce back up to the $5.57;
• This wouldn’t be a bullish reversal structure yet, as we must see higher highs/lows for that;
• If SOFI performs a mid-term bullish reversal structure in the daily chart, the area around $8 will be the next technical target;
• For now, let’s pay extra attention to this support level, as we might see an opportunity on SOFI soon, and be extra careful. Don't trade without confirmation.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
SOFI Dip and Rip Pattern🔸️Ticker Symbol: SOFI 🔸️Timeframe: 4 Hour 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: SOFI Stock on 8/24 had a great push to $6.87 and is currently experiencing a slight pullback to approx $6.40. The couple metrics I want to keep an eye on is our linear regression indicator and also our bottom dashboard indicator to make sure that money is continuing to flow into SOFI and that we stay above the bottom deviation level on our bull regression trend. If we can hold support at $6.03 and not break below this stock could potentially see a push to $7.15 in the coming week! Thank you for following!
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$SOFI heavy insider buying from CEOI think Anthony Noto is looking at the weekly chart too.
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
NQ BANK - Unicorns of Silly ValleyHmmm... 4100 just couldn't hold... 4104to be exact.
Try as they might these Junk Banks are laden with Toxic trash.
Chocked full of Nutters.
_______________________________________________________
Regulators gave them a pass - heavily easing reporting of these
Junk Banks, since data only needed to be provided in a prescribed
format exactly ONE Time.
Inaccurate data submissions, Security interface protection, and IT
instability... common excuses.
Operational Risk, yeah kinda high given the current environment.
SoFi is another example of Data Agg, gone wildly wrong.
Caught in many inappropriate and non-compliant use of their technologies,
took its toll.
Simply, the beginning of the horror show.
$SOFI let's make some more money 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team entered digital finance company $SOFI at $6.70 per share. Our take profit has been set at $10.
Our current portfolio: $MIRM, $SOFI, $BABA, and $EQX
Our entry: $6.70
Take profit: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
SOFI- Weakest to strongest
How quickly market can change...this was one of the weakest names in last month's sell-off and got slaughtered, but now emerging as a leader among the growth names.
Claimed 11 EMA and daily mid BB ++
60VMA overhead will be key spot to watch around 8.3 if it can build below, first target will be 13.
not a position yet, but on watch for long target.
$SOFI earnings today 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered digital finance company Sofi Technologies $SOFI at $6.70 per share on 5/5/22. Our take profit was originally set at $10 per share.
Today my team has averaged down on $SOFI at $4.87 per share. This brings our average down to $5.80. We still think that $10 can be reached but to be on the safe side we believe that establishing a take profit at $6.95 is ideal. This would be a 19% increase from our average.
Earnings are expected to be reported today after market hours. We were considered adding a stop loss, but it has dropped so much that we believe that there is no longer any need.
Ultimately, we are willing to hold this one out until it reaches our take profit.
Good luck to all today!
first entry: $6.70
2nd entry: $4.87
Take profit: $6.95
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
$SOFI earnings next week 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team entered digital finance company $SOFI at $6.70 per share. Our take profit has been set at $10.
Earnings are expected to be reported next week.
Our entry: $6.70
Take profit: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$SoFi looking forward what you guys think of SoFiI am personally long the stock for a while and have an average price of 10.3$ A bit worried as it seems to be exactly on the resistance level. Of course the news that the student loans are not going to be paid certainly until August and probably for the entire 2022 is bad news that came from Biden's administration. Looking forward hearing what you guys think of the company and its share price.
5 Stocks Walk into a Bar....A mega cap, a large cap, a medium cap, a small cap, and a micro cap stock walk into a bar. The bartender looks at them and says, "What do you want?" They all reply, "A Shot!"
Well lets give these stocks "A Shot!" by taking a look at their price performance over the past 52 weeks and evaluating whether they are a "good buy."
Mega Cap: Facebook or Meta (FB) has fallen roughly 21% in the past 52 weeks despite having a market cap of $603B.
Large Cap: Netflix (NFLX) has fallen roughly 26% in the past 52 weeks despite having a market cap of $165B.
Medium Cap: Zoom (ZM) has fallen roughly 64% in the past 52 weeks despite having a market cap of $34B.
Small Cap: SoFi (SOFI) has fallen roughly 47% in the past 52 weeks despite having a market cap of $7.47B.
Micro Cap Loan Depot (LDI) has fallen roughly 78% in the past 52 weeks despite having a market cap of $1.3B.
All of these companies that I have mentioned above are oversold in my opinion, despite being one of the largest market cap in each of their respective segments and most are overall profitable. They all offer an important service that I have personally used in the past or currently use on an almost daily basis. Almost everyone is aware of Facebook now Meta, develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. Between the Facebook app and Instagram, they are currently the largest social media platform to date.
The same goes with Netflix. Who do you know that hasn't used or watched a show or movie on Netflix before? Within the US, its almost unheard of. Now, you can get Netflix stock at a 26% discount and its not going away any time soon as the company begins to enter new markets within developing countries. Zoom is a software that played an integral part during the pandemic, where the world resorted to working from home to combat the pandemic's spread. Thus lead to the mass adoption of Zoom's software into many companies around the world who wanted to continue to collaborate in real time. Since the pandemic and the huge gains Zoom saw, it has since erased these gains and sit at what appears to be a bottom, with massive upside potential of well over 100%+ as companies continue to work remotely despite the waning of the pandemic. SoFi provides digital financial services and is taking on the traditional legacy banks. SoFi offers loans, investing accounts, crypto accounts, credit cards, banking, insurance, insight tracking such as spending habits or credit score monitoring and much more. I believe SoFi will give large banks a run for their money, which will ultimately lead to a potential buy-out by one of the legacy banks looking for an edge. As of today, SoFi is down roughly 62% despite being profitable in the past 2 quarters with a 13% QoQ gain in the 3rd quarter of 2021. LoanDepot sells mortgage and non-mortgage lending products and in 2015 was named the second largest non-bank provider of direct-to-consumer loans within the US. With an easy to use platform, and one of the best rate offerings and customer experiences, LoanDepot is poised to grow significantly in the coming years with increased revenues from raising interest rates.
Overall, I believe in these companies on a personal level. I encourage all of you to take a look at these companies yourselves and make your own conclusions. I would also implore you to follow the advice of Peter Lynch and always understand what you are investing in, because when the market corrects, which it always will. If you do not understand the company you invest in then you will not have conviction in the company, which you would be much more inclined to sell during a 10%, 25%, or even 50% drop, when in reality you should be adding to your positions during opportunities such as this. As Baron Rothschild always said, "the time to buy is when there's blood in the streets." Even if this is your own blood.
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#thedailyinvestor
SoFi - SOFI - the real reason some want The Dip to Keep DippingSoFi is pressing down to being worth $0 (as crazy as that seems). So the lower the price goes, the more potential for a high percentage recovery along with the rest of the market. If price goes below $4 or $2, Many investors who see things the same way may jump in based on the recovery play. There are no guarantees in life. SOFI could go to $0. But what if it does not?
SOFI weekly bullish butterfly Kinda a classic pattern!
I'm researching for personal lending platform stocks recently,
as UPST is no doubt the rising star last year, SOFI still has something that's worth looking at.
Also, the concept of Social Finance will still catch many crypto investors' eye to see how it happens in 2022,
SOFI's crypto business is also part of the reason that I'm interesting in it.
In short, as it enters the entry point of this butterfly, I would like to look for some long opportunities here.
Let's see how it goes yo!
SOFI Bounce?Looks like wave C of this downtrend could be a double three. If that is the case it should bounce next week if the overall market is decent. Looking for 10-11$ short term. If it ends up being a triple three which is very likely considering I think the overall market (see SPY chart) might bounce early next week and then is extremely bearish, SOFI will go lower than the ATL it set this week. Looking for a bounce this week though.