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 trade ideas
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.
IMO Key support and new base is $20.75.5 fib ($20.75) is a key support that sofi needs to hold. That should be a new foundation to build from.
(9) SOFI 11/7 WedgeLook for the retest of resistance within the next week or so...
Price Target = $28-32 Range
SOFI - Squeeze Candidate ahead of EPSShort Interest has increased steadily.
It now exceeds 50 Million Shares.
Should it Beat EPS, selling the news
would be expected.
Expect the Potential for the Unexpected.
The Reddit crowd smells a Play.
We will see.
Charter News could arrive any moment.
Wait for a pullback to 20.75In the middle of a breakout. Most likely will pull back to support and bounce back up. Still good flo on Floalgo with a 4M dark pool order. Guys in discord are in heavily with January to April calls. Good for a swing trade as long as your expiration is far out (which is more expensive). Earnings 11/11.
SofiSo if this is correct and it looks to me it could be spot on. SOFI made a perfect 5 wave impulse. Target of the 5th wave is the range of wave 1 fo start to 1.
Then you take the measurment of wave 1 and put it from start of wave 4. That perfectly exactly lands at this exact target we reached.
Once 5 waves complete you will see an ABC correction down to the start of the 4th wave. This is 19.11. Exactly where we bottomed after my head and shoulders pattern played out. This could create a handle of a large cup and handle pattern. Correct me if I’m wrong as I’m new to Elliot wave but this seems to spot on to not mention
SOFI ShortI'll start by saying I am bullish SOFI in the longer term. I think it will be a big success story in the next few years. In the short term though I think it looks ready for a drop.
The most recent candle maxed out at $23.63, making a long upper wick and a double top with candle on 6/18 at $23.68 (close enough). The close on both those days was also in the same range.
The most recent candle also failed to close over the .61 fib level.
The volume profile shows us that nearly all the volume traded since May 3 has been under the current level.
Going in to earnings I anticipate a sell off to the $21.61-$20.67 level as traders derisk.
In the event of an EPS miss I expect price to sell off to the $19.63-$16.49 level.
If SOFI beats EPS my target is $25.61 and as high as $29.62 if its significant or it receives a meme stock pump.
SofiI like it. I like it a lot. Mix in the bank charter news and the hype about the super bowl...would love to see this to 35 at the start of next year.
SOFI Showing a WEEKLY BULL FLAG - where to next?SoFi has silently become the most innovative and legitimate financial services technology company and the bulls have been accumulating more and more stock as of late. This is one to watch for long term gains. It's still a good time to get in.
SOFI- Deep Cup with little Handle break outSOFI - Broke out the cup with handle pattern
Stoch RSI : Bullish
Long till earning day.
SOFI: More Volume, More BuyersThe future of banking means no more physical locations.
Short term this stock is headed to the stratosphere - I see a $30 PT
This is also a great long term hold for me personally.
No trading advice here.
UPDATE TO CUP AND HANDLEseems like it wants to test a breakout on Monday. 4hr closed right outside the wedge/handle, looking to go long this week :)
$SOFI Handle building for its 4 Month Cup?$SOFI in the FinTech space grabbing some attention lately.
Could be working on a handle for its 4+ month cup base.
One to keep an eye on to see how it developments in the next few days.
SOFI breakout 11/01/2021SOFI about to breakout on symmetrical triangle, volumes are increasing with upgrade in analyst ratings
$SOFI - descending wedge breakout watch - Target $32!Sofi has been testing upper trend line. Looking like it might break out of the wedge.
target 1 - $28
target 2 - $32
Risk - fall to $16.98
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
