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Sofi

Closing (IRA): SOFI November 19th 17.5 Covered Calls... for a 16.92/contract debit. Comments: There's still about .50 of extrinsic in the short calls here, but earnings are in 22 days, and I'm taking the money and running here. My cost basis in the shares covered by the short calls is 14.74 (See Post Below), so closing out here results in a realized gain of 16.92 - 14.76 = 2.16 ($216)/contract. This is about "neatening up" and/or simplifying my portfolio a bit more than anything else.
NASDAQ:SOFI
by NaughtyPines
SOFI boxes strategy in action! feat. volume profileHi everyone! Today we are analyzing NASDAQ:SOFI price movement. As always, I am using my boxes strategy based on supply and demand. BUT In addition, I used volume profile for detailed context here. A few words on volume profile: It puts trade volume on vertical axes. So instead of volume per point in time metric, we observe volume per point in price . This way we can see at which price point the highest amount of volume had occured. Let's implement it on our NASDAQ:SOFI chart. Since February 2021 the highest volume has occured in 15.1 - 15.8 price range. Red horizontal line at 15.45 is called Point of Control (POC). It is a highest volume node that has seen the most volume. Thus, that is a significant level of support/resistence. Believe it or not, but I drew trendlines, boxes and indicated levels first. Only then I added Volume Profile starting from February, and its POC at 15.5 matched one of my box levels. What does it tell us? Two indicators confirm that 15.5 is a significant level. We are at 19.3 now in a downward long-term trend near its top. Plan: Look for a return to 15.5 zone in order to start a position. Probably better to open a position earlier at 16 to front-run algos. If decent volume at 18 level occurs and it holds, start a position there. Please let me know if this was helpful and if you want to see more analysis with volume profile. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise.
NASDAQ:SOFI
by AyBe_Invest
2
SOFI - Good Long term Stock HereWeekly chart trading within symmetrical triangle and wave D. Weekly bullish engulfing showing continuation into next week. I like initiating a 1/5 position here with a max 5% allocation. Entry 1: $17.64 (1/5th position of the 5% allocation) Entry 2: $15.71 (adding another 1/5th position of the 5% allocation) - 2/5 invested Entry 3: 14.62 (adding another 1/5th position of the 5% allocation) - 3/5 invested PT: $40.35 - $44.93 for Wave 3 as long as wave 2 low is not breached ($13.14) SL: $10
NASDAQ:SOFILong
by MarketMotion
2
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75 It seems Sofi Technologies has be gaining as a platform, and members seem to be growing. The further development of their app and platform should increase user satisfaction and create networking benefits. SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform. The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID. Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company. It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative. But overall, I think this company has an incredible future ahead. When we move to the technical side of things SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for. A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap. Keep this on your watchlist.
NASDAQ:SOFILong
by TheBlankFund