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SOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INC

SOFI TECHNOLOGIES INC

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SOFI trade ideas

$SOFI - Loading up!NASDAQ:SOFI I have tripled my option positions on SoFi. I have rebuilt my positions after taking profits on the run-up. I may accumulate more if it goes down, what used to be a major resistance area has now turned into a major support. It is forming a higher base for the next leg up. I remain optimistic about the targets that I laid out in the previous chart. Why? Three reasons: 1. Noto clearly stated before the Fed's interest rate cut that 50 basis points would be very good for SoFi. The market shrugged it off. 2. Shorts are currently nervous. They are getting burned in semi, tech, and China shorts. Everything is going up. If you are short, this has got to get to your nerves. They will start to cover. This is what is happening with $RKLB. NASDAQ:SOFI and fintech stocks are next. 3. The chart setup. It is clearly forming a higher base. It has so far refused to break down below the support region. It looks like a successful check back to the inner trendline. Volume is going lower on the decline. Oh, need I mention my stage analysis chart? As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NASDAQ:SOFILong
by PaperBozz
1
SOFI Technologies (SOFI) - Cup and Handle Pattern on the 1-Hour SOFI Technologies (SOFI) - Cup and Handle Pattern on the 1-Hour Chart! We’re spotting a textbook cup and handle pattern forming on the 1-hour chart for SOFI, signaling a potential bullish breakout. Here’s the breakdown: Cup Formation: The stock has formed a rounded bottom, completing the "cup" part of the pattern, with the key resistance (neckline) at $8.20 on the 1-hour timeframe. Handle Formation: A pullback from $8.50 to the $8.00–$8.18 zone has formed the "handle," where the price is consolidating before a possible breakout. Key Levels: Neckline (Resistance): $8.20 – This is the critical level to watch on the 1-hour chart. A breakout above $8.20 with strong volume will confirm the pattern and signal upward momentum. Target: If the stock breaks above the neckline, the next target could be $10.00, calculated from the depth of the cup. Strategy: I’ve left my previous position open from $7.67, expecting further upside if the pattern plays out. I’m also setting my stop-loss just below the neckline, around $8.10, to protect against a false breakout while giving room for the handle to fully form. Volume Confirmation: Look for increased volume as the price pushes past $8.20 to confirm the breakout and validate the cup and handle pattern. Keep an eye on this setup on the 1-hour chart, as a breakout could trigger significant upside!
NASDAQ:SOFILong
by TrendShredder
SoFi - Potential Bullish Reversal | Entry at $7.67NASDAQ:SOFI - Potential Bullish Reversal 🚀 | Entry at $7.67 I entered NASDAQ:SOFI at $7.67, and here's my analysis of the stock: After a long period of volatility in 2021-2022, SoFi Technologies has been consolidating since mid-2023. Over the past few weeks, we’ve seen the early formation of an upward channel, signaling a possible bullish reversal in the near future 📈. Key Points: • Channel Formation: Price action is moving within a rising channel, making higher highs and higher lows. This is a strong indicator of upward momentum building. • Moving Averages: Shorter-term MAs are starting to curl upward, approaching a potential crossover with the longer-term MAs. This could be a signal of a trend reversal. • MACD: The MACD shows signs of bullish divergence, with the MACD line crossing above the signal line—pointing towards growing buying momentum. • Support/Resistance: o Key support around the mid-2023 consolidation level. o Watching for resistance near the top of the rising channel and potential breakouts toward earlier highs from 2021-2022. Next Steps: I'll be watching closely for a breakout above the channel’s upper boundary, which could signal further bullish momentum. For now, I'm holding and waiting to see if this potential reversal plays out. What are your thoughts? Is NASDAQ:SOFI ready for the next leg up? Let me know in the comments below!
NASDAQ:SOFILong
by TrendShredder
SOFI StructureHello All! IMO, SoFi is setting up. A CHOCH pattern on the Daily has been created, and it's retracing to previous resistance around $6.80/6.75. A few other confluences I like are a double bottom on the daily, and the Daily impulse to the downside is almost all one color. If price closed below $6.33/$6.20s, then made a Higher Low with clear continuation then, the CHOCH pattern would become invalid, and I'd think of a sell. SoFi moves very slow, so the patience is a lot. Locked in and ready for whatever price wants to do!🔒👩🏼‍💻
NASDAQ:SOFILong
by thattradergirl
SOFI: Bullish Wedge pattern indicating further upsideSOFI: Bullish Wedge pattern indicating further upside Price broke out from a bullish wedge pattern and this is indicating further upside. After all the market crashed at the beginning of August we can see that SOFI is still holding well the bullish momentum. During the previous quarters, SOFI reported very good data and also on 30-July-2024 SOFI reported good ER data again. So the company is performing well overall. We can see SOFI to reach 8.80 and 10.2 price areas easily. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
NASDAQ:SOFILong
by KlejdiCuni
8
SOFI: Hot TakePeople are betting Sofi goes positive after FED drops rates. First off, the technicals show the stock doesn't look ready to fly yet. 1) They MAY not start in September. Everyone sells if that's the case. 2) IF they begin in September. The pace in which the FED drops rates is typically slow. .25bps to start is not going to be enough to make any significant positive moves in the stock price. I believe it will be a sell on the news event seeing as we're pricing in the benefit of a rate cut already. Short term, I believe we remain on on trend, or down and to the right 📉 It's just a bank.
NASDAQ:SOFIShort
by HassiOnTheMoon
3
$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst