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.
Sofi
$SOFI is oversold 👁🗨*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 $10.25 per share. Our take profit is $12 with a stop loss at $9.75.
Our Entry: $10.25
Take Profit: $12
Stop Loss: $9.75
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SoFI close to the SPAC priceSoFi gained approval and started SoFi Bank operations after the end of 2021.
With the Super Bowl played at SoFi Stadium they gained a lot of brand awareness.
In the chart we can se a massive bullish divergence.
My short term price target is the $14.15 resistance.
Bank of America targets $17 for SOFI shares.
Looking forward to read your opinion about it.
Earning swing momentum play on SOFIToday's trading idea is focusing on SOFI - Sofi Technologies
The stock is gapping up to $12.70 (pre-market) after earnings, the company said they expect adjusted revenue to grow 55% until the end of 2022.
The idea is to go Long when the $13.6 resistance will become support. (What we call Kiss and Go)
$AAPL BULLISHi try not to make my charts too difficult. take what the market gives me. until AAPL's daily trend breaks it's still bullish imo. everytime the market drops there's fear. Buy the fear. i am a swing trader mostly btw as i have found it to be my most profitable style of trading and easiest to make decisions of. GL!
Sofi about to pop?$sofi #sofi High volume rejection at highest VPVR level and now stuck in channel. Currently pressing the top and 34EMA. H8 close above would open up a 13% move to resistance. Close above $15 and a lot of open air. Very possible to get rejected again though so be patient.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Reversal Imminent? NASDAQ:SOFI Been speculating that we are past the bottom of this current downtrend. Upcoming earnings/guidance coupled with being granted a bank charter may be catalyst enough to complete a reverse head and shoulders pattern and make its way back to the mid $14s for the completion. Volume declines have been consistent with the classic pattern and will be looking for an uptick in buying pressure soon to see this through. This would also indicate to me a potential reversal. This may present good buying opportunities in the mid $14s.
Not advice, this is my own speculation
SOFI: Many GOOD chart patterns around SUPPORT level.Hello traders and investors! Let’s see how SOFI is doing today! We’ll do a complete Multiple Time Frame Analysis (MTFA) and analyze the H, D and W charts.
First, we see that SOFI is doing what seems to be an Ascending Triangle chart pattern in the 1h chart. It is reacting near its support level, which is expected, and in theory, it is heading to the resistance at $ 13.41.
As someone who’s out, I see SOFI as a possible buy opportunity, as the Risk/Reward ratio makes much more sense for long trades than short trades. The time to short was at $ 24, when it did a Double Top pattern in the daily chart, now it makes sense to buy. Speaking of daily chart:
I see an inclined Inverted H&S chart pattern, which is a bullish reversal structure. If SOFI triggers upwards its Ascending Triangle in the hourly chart, we’ll probably see a confirmation of a breakout of this IH&S in the daily chart. This dual-pattern confirmation is quite interesting to see.
What’s more, this reaction couldn’t come in better time, as seen in the weekly chart:
In January, we just retested its support near the IPO price level, around the $ 11, and SOFI is trying to stabilize now. The volume is increasing, another good indicator, and if it confirms the patterns we discussed before, it could seek the next resistance at its 21 ema, or even the $ 16 again.
This is why I’m telling you, the Risk/Reward ratio is attractive, however, we must wait for better signs around. If you are already in, you must keep these points in mind, especially the support at $ 11, which SOFI must not lose at all cost.
I hope I helped you here, and I’ll keep you guys updated on this, so, remember to follow me to not miss any of my future analyses.
SOFI Superbowl LVI hosted on the SoFi Stadium Two weeks ago you had the chance to buy SOFI at the SPAC price of Dec 2020.
What a round trip it made!
On Sunday, Superbowl LVI is hosted on the SoFi Stadium. It looks futuristic and will drive a lot of attention to its sponsor, SoFi, the online personal finance company that paid about $625 million for a 20-year naming rights deal.
My short term price target is the $14.15 resistance, but it can easily go to $17, which is the Bank of America`s price target for SoFi.
Looking forward to read your opinion about it.
$MQ swing trade*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: Marqeta $MQ has developed a card issuing platform that provides clients such as Coinbase, Doordash, and Square with the infrastructure and tools necessary to offer payment options without the involvement of a traditional bank. $MQ generates the majority of its revenue through transaction fees for cards issued on its platform.
My team took advantage of todays dip and purchased $MQ shares at $14.25 per share. Our first take profit is $17.50.
FIRST ENTRY: $14.25
TAKE PROFIT 1: $17.50
TAKE PROFIT 2: $19.50
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SoFi: A Catalyst Saturated Fintech About To Drive Rapid GrowthSoFi has been beaten down, manipulated and ridiculed due to its SPAC origins… without even taking into perspective of the fast growth ahead of it.
The biggest reason that SoFi hasn’t seen rapid growth so far is due to the Biden Administration Extending Student Loan Pause Through May 1, 2022. I firmly expect this to be the last extension.
“The Department will continue its work to transition borrowers smoothly back into repayment…”
When this ends in combination with SoFi recently getting its bank charter approved… Revenue and Profit Projections will be updated to the positive.
SoFi has already started rolling out new features for members such as Margin trading, a 1.00% APY on both checking and savings (Market Leading) APY). More to come…
I highly expect SoFi’s upcoming earnings to be solid with an incredibly positive guidance ahead of it.
Many Major Analysts support this outlook with current ratings and price targets.
My Opinion:
$25+ is very realistic within the short term (2-4 months)
$35-$45 by end of the year with continued expansion in provided products as well as operations through CONUS & Internationally.
(Not a licensed financial advisor)
$SOFI Key Levels, Analysis & Targets. - REQUEST$SOFI Key Levels, Analysis & Targets. - REQUEST
By request for @StockTri
SOFI is definitely in a downtrend still… If you’re already long then I would only add at the green support levels and maybe at the blue trendline…
BUT If it breaks below those levels I would wait until the macD breaks above the centerline again before doing anything else… since there’s just about no support under there…
If you can train yourself to always think in terms of support and resistance levels you will do well.
I hope this is helpful.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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