Triple bottom?I like SOFI because everyone is talking about it. It seems that we are testing the bottom for the 3rd time. I am bullish in long-term.
SOFI trade ideas
Financed Vertical Sofi, 3/17/23 Exp$SOFI
Financed Vertical for 3/17/23 Expiration.
$9 short call
$6 long call
---{share price: $5.00}---
$5 short put
$351 max profit @ share price >$9 at exp.
Credit of $51 (or so) at order execution.
Breakeven @ $4.49 at exp.
SOFI | Time for a Bounce? | LongSoFi Technologies, Inc. provides digital financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company's lending and financial services and products allows its members to borrow, save, spend, invest, and protect their money. It offers student loans; personal loans for debt consolidation and home improvement projects; and home loans. The company also provides cash management, investment, and technology services. In addition, it operates Galileo, a technology platform that offers services to financial and non-financial institutions; and Apex, a technology enabled platform that provides investment custody and clearing brokerage services, as well as Technisys, a cloud-based digital multi-product core banking platform. The company was founded in 2011 and is headquartered in San Francisco, California.
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 - Basing with decreasing volumeSOFI looks like has been basing around $5.30ish area with decreasing volume. This support area is also 100% fib extension.
The stochastic is showing oversold area.
If $5.30 ish support area holds and we head back to upper resistance area of $7.70ish. 💥🚀💰
If the support breaks down, the next support is $2.24. That would less than half the book value and I don't believe we will get there unless Russia launch a nuke!
Target - $.7.70
Disclaimer: Not investment advice.
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Bank of America have turned bullish on shares of SoFiBank of America analysts have become bullish on SoFi's stock with the student loan payment moratorium ending and its NFL partnership. The bank upgraded the company's stock to Buy from Neutral on Wednesday, raising their price target to $9 per share from $8 per share.
Could be one to watch.
$SOFI - Bounced from bottom channel heading to $8.56Despite the blow out quarter, SOFI was sold off due in part by Softbank news. The stock found the bottom around $5.57 at the bottom of the channel (which was bearish target published in prior chart.).
Now that the momentum has changed, the stock could head back to upper trend line area of around $8.50.
Target - $8.50
Risk - Failure to break above $6.50
Disclaimer: Not investment advice.
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SOFI, 4 HRSNASDAQ:SOFI
4 HRs
Disclaimer : I am not a financial advisor nor a registered investment professional. This content is for entertainment purposes only and is not investment, tax, or financial advice. Always do your own diligence and research. You are solely responsible for all investment, tax, and financial decisions that you make.
SOFI good buy opportunity!We have trend channel, good statistic about company and already tested stocks bottom. Time to take long position. SL below the channel.
45/100If you check on 4H chart this point is middle of high volume marubozu green candle
also price is on weekly VWAP line so this is fair price to risk
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 - Cup and handle invalidated and price hit bearish targetIn my previous post I stated that there is a chance that the pattern can fail and price could retreat to $6 area. The price never retested the lip area and the cup & handle pattern has been invalidated and the price retreated to $6. That's why it's important to observe validation and invalidation points in patterns. So whats next?
$6 is supposed to be a strong support area and a very critical area for the bulls and if held, the stock can bounce back to $6.68 to $7.11 area.
If the price breaks below $6 we can see $5.50 with the support at around $5.75 area.
What will it be?
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Disclaimer: Not investment advice.
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$SOFI - Cup & handle or rounding bottomSofi seems to have found a bottom and broke out of the descending broadening wedge with cup and handle pattern. Technically speaking cup and handles are continuation patterns and they are normally found on uptrend. Hence some may want to call this a round bottom or saucer bottom. So call it what you want.
If the price can break above $8.50 area which is above the lip area of the cup or saucer, we can see the price move up to $10.58 which is the 200 DMA area.
However there is a risk that the pattern fails and we could revisit $6 area.
Target 1 - $8.50
Target 2 - $10.58 (200 DMA)
Risk - Retreat to $6
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Disclaimer: Not an investment advice.
bearish downtrend broken, RIP to bears 🥶I did secure my shares for around 30% gain already, but watching for break above 8.62 for round 2
above 8.50 enter long above 8.50 enter long for a target of 10..
SoFi has received an A+ rating with the Better Business Bureau. The BBB uses a grade range of A+ to F when evaluating company trustworthiness and considers a number of factors — including customer complaint history, licensing and government actions, and advertising issues — when reaching a final rating.
SOFII find the price made two double bottoms and broke the neckline, so I wait for a retest of the level 7.70 to be the profit taking level 10.29
SOFI - Post ER chart set upKey Levels:
- Key Level of 6.75
- If key level can hold support my next resistance target is 6.9 then 7.25 followed by a push to 8
- If key level cannot hold support my next bounce area is 6.55 near the daily 50ema
- Earnings Released with increased forecast and revenue numbers.
- Broke 7 in AH, looking for another break of 7 for more upside tomorrow.
- Small caps/growth stocks on fire right now, with ER out of the way we can see clear skies ahead for SOFI.
SOFI, DailySOFI , Daily
Buy Between 7.05- 7.42
Sell @ T1: 8.41, T2: 9.25
Stop Loss @ 6.96
---------------------Disclaimer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
SOFI - Adam and EveQuite a number of beaten down stock are showing bullish reversal formations. SOFI is looking to form one such pattern, namely the Adam & Eve. While it is still way below the 200 day moving average, it's RSI is strong and might be worthwhile to "test" some water on these stocks.
However market turns could still be a very volatile period until it can go above the 200 day moving average again. Hence trade with smaller amounts for a start.
If the stock only suffers a shallow sell off after FOMC next week, then it could be sign that the bulls are gaining traction
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SOFI - Important timeEven though SOFI broke out of the falling wedge it is currently at the junction of multiple resistance area.
1. inverse head and shoulder neck line
2. symmetrical triangle breakout
3. prior failed breakout area.
4. 50 DMA that it has failed to break above multiple times
The company came out with S3 filing for $1 Billion shelf offering and recent reverse split power given to the board is going to act as tremendous head wind to the stock price at this juncture. Bad timing.
If the price break above $6.40 and trade above that price level for 3 days, it would be bullish. Otherwise we could see it retrace back to $5.79 - $5.30 area.
It will all depend on whether the investors can shake off the shelf offering news. Frustrating time for investors.
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Not an investment advice. Your trading decisions are your own responsibility.
SOFI scalpHey everyone,
I believe SOFI will pull back in the coming week or two. Reverse-stock splits are typically bad news, so the fact that SOFI pumped today on the momentum of this announcement appears to be an opportunity for an easy scalp. Puts with at least a 7/29 expiration or shorting the stock would be an excellent way to take advantage of this.
Expectations are that the stock will drop at least $0.20 and then from there we could see recession fears pull SOFI down a bit more, potentially around $5.90.
I believe this may potentially have another day or two of rallying left, so monitor closely on Monday and Tuesday or a good entry point.
Some things to be aware of: SOFI is certainly still considered a meme stock, make sure you put your stop buy/sells in place. I would also recommend moving your stop buys down as SOFI crosses it's VWAP or SMA on the way down.
If you're brokerage allows it, a trailing limit order or stop buy would be excellent way to protect yourself and any gains.
$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)
