SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI
SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS!
Here is what we are going to deep dive into in this video:
1.) Review Sofi's earnings report from this morning
2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy
3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer"
Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ?
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Not financial advice.
Sofibank
Called out $SOFI before it's epic move! Where is it going next? Posted about this massive trade setup on NASDAQ:SOFI over a week ago. Hopefully you got on this train. Now that we've had a parabolic move on this name lets go to the charts and see what's going on with the name and where it will go next.
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WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI
🖐️WE GOT A 5/5 TRADE SETUP ON SOFI
My trading strategy consists of 5 Indicators:
1.) A clear and clean Charting pattern setup.
✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout.
2.) A Volume Gap to fill and strong buying area.
✔️ Volume gap up to $13.
3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time.
4.) RSI rising and making higher lows.
✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart.
5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band.
✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band.
Short🎯 $11.70
Long🎯 $15.83
Bonus: Bullish sentiment behind the name and lots of catalysts.
Hope you enjoyed!
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Not financial advice.
Strong Rejection for SOFI, Key $5.50 Buy Target to MonitorThere has been a lot of recent hype surrounding SOFI, but I have been patiently waiting for a buy opportunity at the yellow support line. This week NASDAQ:SOFI had a strong rejection at the white resistance zone between $8.41 and $8.95. My key buy target has always been this yellow trendline, I think it will take some patience to get there though. The estimated price target is around $5.50.
SoFi jumped short and opened highSoFi jumped short and opened high
This chart shows the weekly candle chart of SoFi stocks from 2021 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, the low point of SoFi stock in the past two years is exactly the 4.000 level of the golden section in the figure, and the high point in June this year is exactly 3.000 level! On the last trading day of July 2023, the SoFi stock jumped short and opened high, then surged, approaching the long start level before reaching the historical peak!
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ 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 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.