Practicing fib and trend reversalsStarting to see a reversal on the 2h. Looking for a buy opportunity. My first published chart so any feedback is appreciated!
SOFI trade ideas
[stock] SoFi - SOFI - Not so complicated?SoFi - SOFI - The channel range seems easy to visualize from a technical standpoint. Will price follow the pattern? Edutainment Purposes Only!
SOFI trendline bounce?$SOFI
Showed strength amid red market Friday. Held the $18 psychological level as well. Not a bad place IMO to pick up shares either if you're bullish long term..
- Bounced off 4HR trendline
- Held the $18 level
Calls as long as 18 holds
or BTD around 17.30
Will monitor XLF, IWM, for sediment.
Targets: 18, 18.50, 18.84,
My stop will be a 15 min close below 17.30
Happy trading!
SoFi is heading for a drop. SOFIDivergences at the top and turning, now dropping momentum also. This is an aggressive stance, as no waiting for the confirmation (which is a fair way down anyway) occurred.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
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.
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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.
SOFILONG-TERM: Cup & Handle with hidden bullish divergence on the 4hr, the low it just put in was at a golden retrace, and was a historical level, close to a bullish engulfing candle on the daily. (not financial advice)
Sofi in Process of Finishing Wave 2 of Overall 3. Target 40$ Originally I thought that we were about to start Wave 5 of overall Wave 3 which would take us to 30$ roughly. This dip from high 24's to high 18's and maybe a little lower has changed that. It looks like that spike on November 11th was actually wave 5 of 1 of overall Wave 3. We are now finishing Wave 2 of Overall 3. This makes more sense as well considering wave 3 is usually the biggest wave. Overall wave 3 target is now 40$. Wave 3 of overall 3 is 31$. It's funny how news hits right at the top of wave 1 to correlate perfectly with this dip. Of course for this to work out we need to the overall market to cooperate as growth is getting slaughtered at the moment including all of Fintech.
SOFI When the blue line is breached, it will explode to the higher target ,
.
.
New trending style (cup, tab)
we wait
SOFI SHORTSOFI bounced after beating EPS estimates and made top at $24.65 before bouncing around at the 22.34-24.18 range. The long upper wicks on 11/11,12,15 show the stock's inability to entice buyers at that level.
The three most recent bars look like a "3 Black Crows" candlestick pattern which suggests further downside to come. The directional indicators on the ADX are showing a sell signal with DI- crossing over DI+. In addition new insider selling was reported this AM which will likely trigger additional selling.
Targeting: $19.87-$16.92 it is possible that it may find support at the 50sma or the 200sma.
Long term I like the stock, but there is some pain coming for longs in the short term.
$SOFI - VERY BEARISH Double TriangleClose right below in the smaller triangle, Watch for a continual price decline to the trend line
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: update... This is an update to Tuesdays post. The stage is set: rounded bottom/cup is in place and handle is forming nicely. Its kinda/sorta important we launch from this 21usd level. As i write this futures are well bid and the "overhang" of 50m non dilutive PE/VC shares shouldnt really be tough for the market to absorb... I like it higher BUT if this pattern fails, I expect a pretty quick/violent retail puke courtesy of Citadel, Shaw, Renny, Virtu, etc...
SOFI: pretty straight forward50m share secondary is all existing share holders. ADV roughly 25m per day. This will work its way through the market and find happy hands pretty quickly. Buy the dip as the rounding bottom takes shape.
Consolidation Into Impulse on Sofi TriangleAs stated in the title, the consolidation wave ABC has turned into an impulse 12345, with 5 looking to return towards supply. This could lead to a breakout, at the minimum a return to recent highs and bullish sentiment.
$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%)
SOFI - Possible scenario's that could play out We are at a resistance now. If we have a pull back in the overall market we could pull back with it or if the market is bullish we are going back to the IPOE high days.
SOFI shows us somethingSOFI is hitting again a high peak. If we check the volume profile we see a high degression in volume, but overall the volume is rising.
I expect a short signal until next support, until then we have to watch what could probably could happen next. The volume is good indicator here but it still a choppy play.
Cup and HandlePossible stop under handle low.
Earnings are over for the quarter. Short interest 9.34% and 1.8 to cover.
Price is over top band showing momentum but is Not overbought on daily, weekly or monthly RSI set on 80 today. Today's candle is a doji, a candle of indecision. Appears there is resistance at top of cup which is not unusual.
Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.
No recommendation
SOFI - EPS Squeeze DeliversWe are done for now, although once the Charter
arrives, this will head higher.
With a broader correction looming, we've closed a
very small position for $3.11 x 1.5
Good Luck to HODLers.
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SOFI has the most intrusive Date Agg of any online Bank.
IRS compatriot.
SOF will quickly become anther "Protected Entity"
The control they exhibited over some test accounts
we put up was disturbing, so much so we closed all
of them.
SOFIRan on earnings and found resistance on this downtrend line. It has already completed a corrective wave prior to earnings, a perfect ABC, with waves A and C being equal in length. I'm expecting wave 2 of an impulse wave to form as consolidation underneath this resistance before breaking into wave 3 of an upside move. If it fails to penetrate resistance, we could see this form into an expanded flat corrective wave on a macro scale. Bullish vector taken from previous wave 3 run, which aligns with that top wick.
SOFI Analyst 11-11-21 hello,
very clear pattern on daily and 4H periods, so usually we are waiting to broke this trend lines,
I think within next few days, price will get the green targets as today the upper trend line has been broken.
