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SOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INCSOFI TECHNOLOGIES, INC

SOFI TECHNOLOGIES, INC

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SOFI trade ideas

Sofi a weekly viewHere is a weekly view of the SOFI chart I have been using all last year. This heavily manipulated and shorted stock is extremely hard to trade short-term (unless youre an insider of course). The teal arrow points to the most important trend line imo as the megaphone seems to not like to hold these days. I have the historical price levels as my next price target marked ( 11.14$). I think the market will be very surprised when the shorts get squeezes on profitable earnings.
NASDAQ:SOFILong
by Apollo_21mil
Navigating the SoFi Plunge In the dynamic landscape of the stock market, SoFi Technologies ( NASDAQ:SOFI ) has emerged as a compelling player, capturing the attention of investors with its upward momentum and positive long-term prospects. As we delve into the intricacies of SOFI's recent performance and market indicators, a clearer picture of its potential unfolds. Price Momentum and Moving Averages: NASDAQ:SOFI is positioned in the middle of its 52-week range, showcasing a balanced evaluation by investors. Moreover, trading above its 200-day simple moving average emphasizes the stock's sustained positive momentum. This signifies that, despite the fluctuations, the stock has managed to stay above a key long-term trend line, reinforcing confidence among investors. While the stock is currently trading in the middle of its 52-week range, the upward momentum suggests that there may be room for further growth. Investors should remain vigilant, keeping an eye on potential overbought signals and market developments. As NASDAQ:SOFI continues to navigate the financial landscape, its positive trajectory indicates that the stock could be an attractive prospect for those seeking long-term gains. As always, prudent decision-making and staying informed are key components of any successful investment strategy in the ever-evolving world of finance.
NASDAQ:SOFILong
by DEXWireNews
Sofi flipped bearish, short sellers take controlSofi has been a popular stock to short for the past year or so. I find it funny that insiders can publish negative news and also be in shorts on the stock as the same time which is clearly the case here. The stock fell back into the long-term megaphone and created a massive gap on the daily. Mixing this with the market uncertainty, sketchy bond price action, and a storm has been created. I am doubling down on my 10$ calls for June here on this discount.
NASDAQ:SOFILong
by Apollo_21mil
Overview of $SoFi's Recent Performance SoFi Technologies ( NASDAQ:SOFI ) is displaying a promising upward trend in the medium to long term, reflecting positive developments and heightened investor interest. NASDAQ:SOFI is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. NASDAQ:SOFI has broken a resistance level and given a positive signal for the long-term trading range. The stock has support at dollar 8.10 and resistance at dollar 11.40. This indicates increasing optimism among investors and further price increase for SoFi Technologies. However, for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which supports the positive trend. The 200-day moving average is below the current price, indicating a long-term uptrend.
NASDAQ:SOFILong
by DEXWireNews
1
Convergence on SofiSofi is taking another shot at this red resistance it has struggled with for weeks. The takeover of the EMAs was short-term bullish. This convergence of EMAs signals contraction to me, and you know how I feel about contraction. As the candles get smaller and RSI rises a big move is on the horizon. Sofi being GAAP profitable this coming quarter is not priced in, short-sellers account for over 15% of total floating shares. I am still net long, I have actually added 6 month out calls to my spot bags for a long-term lever on my shares. My 9-10$ target by end of year still stands, although I wouldnt put it past short-sellers to ruin the fun again.
NASDAQ:SOFILong
by Apollo_21mil
$SOFII think there's a good chance that NASDAQ:SOFI 's is finally finished. The next few days it will be worth watching this stock. If SOFI manages to close above the downward channel this week and it doesn't get instantly sold on Monday I could see it have some explosive upside. Otherwise, we may be in for another test of the lows. I have a long position in the shares that I entered into in January and on which I have taken partial profits in June. At this point, I am not buying or selling, but depending on how the next few days play out I might either increase my position again, or close it out altogether.
NASDAQ:SOFILong
by matthias
2
SOFI - little TAHey guys it’s Amir how are you? So let’s talk a bit about SOFI… We broke the channel and came back to retest and now got bounce up. Now we have two scenarios: 1. Price will go up complete the breakout (which I personally believe have more odds than the other scenario…) 2. The price will break down and go back to trade within the channel. The RMACD and STOCH gave us perfect sell off and still the price didn’t dropped but rose which means bulls momentum in control, For now I believe that there are more bullish than bearish my price prediction for the coming week or two is around $9 Watch for yourself and tell me what you think.
NASDAQ:SOFILong
by amirhemo
SoFi Technologies $SOFI Trade IdeaI entered a trade on NASDAQ:SOFI as the price closed above the 50MA on Dec 1. We see that the price rallied since then and was facing a diagonal resistance level which we broke through today (provided that the price closes above it). The short term MA's are sloping up indicating a short term uptrend, while medium term MA is slowly moving in the same direction. Oscillators are looking ever extended in the short term singaling a potential pullback in price. The short term price target for me is around the $8.70 level, but medium term target is around the $10.15 level. Hope this was helpful for the readers, follow me for more trading ideas. Thank you, BK
NASDAQ:SOFILong
by Konstandinovic
Sofi end of year price targetSofi has been in a large megphone channel for a long time. The stock has been heavily shorted leading into its prospective first quarter of profitability. Recently, Sofi has broken the red resistance downtrend on strong momentum. I have added in some late dated and medium dated calls to add some leverage to my large spot position. Those who interact with this post can get more details if interested. I drew a circle for my end of year price target assuming the markets behave. Tax harvesting should already be completed on this stock which is also heavily manipulated. I added ATR to give some context into how poor the volatility range has been lately. Volume is on an uptrend, I expect big things from Sofi next year and am positioned to capitalize on my call setup short and long term.
NASDAQ:SOFILong
by Apollo_21mil
Sofi testing a breakoutSofi has remained in a megaphone pattern for a while with an additional downward trendline staying true. This test on the 4 hour is the first candle body above the line since the Megaphone started. RSI has been on a steady uptrend. Sofi is approaching its first quarter for a goal of profitability. The stock is heavily shorted. I recently entered a 6 month call setup to leverage my bags 10$ strikes as I have been very bullish on this stock despite the short-sellers. If we get a bounce here, I expect a solid 9$ sofi within 30-40 days or more.
NASDAQ:SOFILong
by Apollo_21mil
SoFi Technologies Inc. (NASDAQ: SOFI) Set to End Crypto ServicesSoFi set to end crypto services, taps Blockchain.com as “strategic crypto partner” US consumer fintech SoFi has announced it is ending its crypto services on 19 December, with users being given the option to either close their crypto accounts or migrate them to Blockchain.com. All remaining accounts that have not instigated a migration before 19 December (or 28 January 2024 for residents of New York) are set to be closed. From 29 November, SoFi has stopped accommodating the creation of new cryptocurrency accounts on its digital finance platform, which also offers lending, credit card, mortgage and wealth management services. The company has not given the exact reason behind its decision to exit the market. For Blockchain.com, which offers wallet, trading and payment services for cryptocurrency, the addition of SoFi’s accounts signals “a pivotal moment” in its growth trajectory, according to CEO and co-founder Peter Smith. Independent director Joseph Otting says the migration will “open new doors and opportunities for SoFi members”, who will be able to utilise the full range of its self-custody and trading solutions. Price Momentum SOFI is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
NASDAQ:SOFILong
by DEXWireNews
Sofi maintains megaphoneSofi maintains the megaphone I have been following for weeks. I believe this stock is heavily manipulated, and therefore VERY hard to trade short-term. This is the first candle body above the 20 EMA in a while and the RSI is on a macro uptrend. Volume has a slight uptrend as well. I think this next quarter's earnings will be the needed catalyst to take this stock way out of this megaphone to the upside. Will the market start to price this in before Feb earnings?
NASDAQ:SOFILong
by Apollo_21mil
Sofi retracing to fibSofi seems to be magnetized to the .114 Fib that I drew on the daily from the most recent macro swing high. The megaphone channel is still in play and the stock really cant catch a break. Between insiders selling and their loan revenue coming under scrutiny, the blood is real. I hold a large amount of spot shares and have traded the stock with options in the past. This fib level should provide support, I marked all the obvious touches with blue arrows to belabor my point. If the stock meaningfully falls past this level I think it will become decimated. My belief is that this stock has been highly manipulated by traditional bankers because they view it as a threat. Sofi customers tend to have above average credit scores, annual salaries and other positive metrics.
NASDAQ:SOFILong
by Apollo_21mil
2