SOFI down big on earnings report Sofi down big after reporting earnings and in my opinion this is a buying opportunity with big guidance in the future
Sofistock
Upcoming earnings will reveal the strength of SoFiIn my opinion, SoFi's current position in the fintech industry is strikingly similar to how Amazon benefited during the dot-com crash. As the banking sector faces a crisis, I believe SoFi is poised to capitalize on the situation, much like Amazon did when numerous internet startups went under, leading to an influx of consumers flocking to Amazon.com.
As traditional banks grapple with failures and massive deposit outflows, consumer confidence wanes, providing SoFi with an opportunity to capture market share and boost deposits. SoFi's resilience, marked by a lack of deposit outflows and increased FDIC insurance coverage, mirrors Amazon's ability to emerge stronger from the dot-com bubble. I think this positions SoFi for accelerated growth in the midst of the banking crisis, just as Amazon thrived during the dot-com crash.
In conclusion, I personally believe that SoFi is on the verge of an "Amazon moment," where it can leverage the banking crisis to become a dominant player in the financial industry, continuing to innovate, expand, and deliver impressive results in 2023 and beyond. This parallel makes SoFi an attractive investment opportunity, in my view.
SOFI SOFI SOFI As we prepare for tomorrow's earnings release for SoFi, it's time to take a look at their past performance. SoFi has made significant strides in the fintech industry, but will these efforts be reflected in their earnings and push their stock above $6.00, reaching the daily zone and testing the 200 EMA? Or will SoFi remain a $5.00 stock?
Sofi Updateafter a big terminal as wave c , we are in diametric pattern now , it’s ready to make wave F and then G , SO TARGET IS $9 FOR NOW
so it’s long in my opinion
Looks like a NICE EASY short "PATIENCE"If it gets back around the 5.75 area it looks like the shorts can step back in.
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ 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.
Break the channel become richSofi has been declining for like forever with a massive short attack sitting at 20% 143m shares !!! last trading volume of 40m with 14m short value. this is not going to stop soon but when it does i hope you'll have your gun loaded. i suspect 6-8 dollar range wont break and it is a great buying opportunity.
SOFI Falling Wedge Bullish PatternIf we consider the previews falling wedges and the rise that followed them, i would expect that the price target for SOFI of Citigroup to be the next major jump after the all time low bounce.
Looking forward to read your opinion about it.
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 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.
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.
$SOFI bullish run up if we hold our SP
if we hold our first support , it will be a good indicator for strong bullish momentum, and we will see a test for our 2 target levels.
Playing Sofi long here! Picked up a nice size position based on December 28,2020 candle wick high of $13.04. I've got another buy set for December 22,2020 high of $12.14. Doesn't look like it will get there, but I'm prepared.
Now I'm looking for a move to $13.93 this week and then $17.15 this month.
I like the fundamentals of sofi. With higher interest rates, pending bank charter approval, year over year growth, and super bowl LVI this year; it has potential.
Long on Sofi and the new developing neobank eco system.
SOFI about to break out at $17.17?NASDAQ:SOFI intra day is trading at >$16 as I type this.
On December 10th SOFI was printing below $15.46
Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period).
Lets back up in time some for context:
On Nov 11 SOFI printed intra day at $24.63
Since then, SOFI has been trending downward and has fallen as low as $13.67 (on Dec 17)
Dec 03 was the first time since Sept 22 SOFI was printing <$15.46.
After consolidating in between the $14-15.50 range, SOFI seems to have broken out to the upside.
Historically (although a small sample of history due to it being a new stock) $17.17 will be the next major area of resistance if SOFI continues to rally to the upside.
Historically, SOFI has had 13 major upward/downward tests of $17.17 on the monthly candles, it is no stranger to this level.
Of those 13 attempts to break through $17.17:
Bullish Breakouts: 4
- Monthly candle open below and closed above $17.17
- The proceeding Monthly candle open and closed above $17.17
Bearish Breakout: 2
- Monthly candle open above and closed below $17.17
- The proceeding Monthly candle open and closed below $17.17
Positive Backtests: 4
- Monthly candle opens above $17.17
- Monthly candle either has a wick or body that closes below $17.17
- The proceeding Monthly candle opens below but closes above $17.17
Negative Backtests: 3
- Monthly Candle opens below but closes above (or has a wick in the case) that prints above $17.17
- The proceeding Monthly candle closed below $17.17
Overall Bullish reactions: 8
Overall Bearish Reactions: 7
Total # of Bullish runs: 3
Total # of Bearish runs: 3
The picture I am painting is the IMPORTANCE of the $17.17 level for SOFI.
Take-aways:
As SOFI moves above $17.17 and breaks $18.65 there is a high historical probability that it tests 24.63 or higher.
As SOFI moves below $17.17 and breaks below $15.46 there is a high probability that SOFI tests $13.67
SOFI's price action seems to be condensing over time very slowly and is trading within a symmetrical wedge pattern in its most macro sense.
SOFI's median price is (technically 17.54) but the $17.17(range) acts like a magnet, accelerating both bullish and bearish momentum
The chart is very Sine-wave-ish, the cycles are apparent.
Bulls as of now seem to have taken control and are looking to again test $17.17
Last thing of note: the wave-like nature of the stocks entire history is very similar to what we see in an accumulation/distribution phase B of a Wyckoff pattern.
My predication is that $17.17 is tested in the next 30-60 days and will signal a massive bull run to new ATH's under one condition: THE NATIONAL BANK CHARTER gets FULLY approved. If the bulls can continue momentum through Jan., come Feb. there MAY BE a chance that we get word on this news which would accelerate SOFI past 18.65 and attempt to break the ATH of $28.26. If the bulls lose control at $17.17 I would look to $15.56 as support.
This said, I will be looking at jumping into ATM SOFI calls (early) @ >$17.50 or OTM (late) at >$18.65
ATM Puts would be considered <$15.46
Of course, chart and news depending as that time approaches (if it does at all)
Not financial advise. Do your of analysis and DD before entering or exiting any trade of your own.
My plan!I eat crayons for breakfast and sell calls for lunch. Not sure how long this will take, and I'm sure it will all be a bit more compressed than my diagram.
$sofii've actually been eying this stock for maybe a month now, i dont short or play puts so i waited patiently for entry. today i bought 400 shares and i am looking for this to make highs back to $22-$25. sofi seems to have a good army of investors and institutional holders. this could become a long term hold if bank charter news creeps closer anytime soon!
Beautiful TA on SoFiTechnical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going.
DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌
Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.
SOFI - Daily Chart - Levels of Support and Resistance NASDAQ:SOFI
2 Levels of support; solid white and dotted white lines.
The dotted line is allowing lower lows
The solid line is allowing higher lows
Look for the upper/solid support line to be respected in order
to continue setting higher lows and continue an overall
bullish uptrend
If the lower/dotted line is broken with confirmation,
the bears will have control.
_______________________________________________________
2 Levels of resistance; solid yellow and dotted yellow lines.
The solid line is a much stronger resistance
The dotted line could be flipping to support if buying pressure can
overtake the sellers in the selling pressure zone.
Look for the upper/solid support line to be broken in order to start
a new upward resistance trend in order to set higher highs.
5 daily candles have used this line as support, 6 have used is a resistance.
Note the large gap in price around earnings in August. This in my opinion was a market overreaction in which the lower support was respected perfectly.
Refer to 2nd chart for EMA clouds and how they interact with these zones/levels
SOFI EMA Clouds, Support, ResistanceNASDAQ:SOFI
Big takeaway: EMA cloud flips in accumulation zone/selling pressure zone. Look at the blue circles, these would have been excellent entry point for a long position.
2 Levels of support; solid white and dotted white lines.
The dotted line is allowing lower lows
The solid line is allowing higher lows
Look for the upper/solid support line to be respected in order
to continue setting higher lows and continue an overall
bullish uptrend
If the lower/dotted line is broken with confirmation,
the bears will have control.
_______________________________________________________
2 Levels of resistance; solid yellow and dotted yellow lines.
The solid line is a much stronger resistance
The dotted line could be flipping to support if buying pressure can
overtake the sellers in the selling pressure zone.
Look for the upper/solid support line to be broken in order to start
a new upward resistance trend in order to set higher highs.
5 daily candles have used this line as support, 6 have used is a resistance.
Note the large gap in price around earnings in August. This in my opinion was a market overreaction in which the lower support was respected perfectly.
SOFI - Are bulls in controls of this breakout?Looks like SOFI is possibly setting up for a breakout in the next 1-2 weeks. I am not giving any direction on which way I think it will go but I have plotted out possible levels of support/resistance that it could test in the near future.
$Sofi double bottom pattern (40% measured move potential)Symbol: Sofi
Pattern: Double Bottom
Timeframe: Weekly
Measured Move: $32 (40%)
Entry: $23
Target profit #1 $26.50 (15%)
Target profit #2 $28.50 (24%)
Stop loss: 20.5 (-10%)
