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SOFI TECHNOLOGIESSOFI TECHNOLOGIESSOFI TECHNOLOGIES

SOFI TECHNOLOGIES

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SOFI trade ideas

$SOFI - SEVERAL TRACES OF ACCUMULATION & PROBABLE REVERSALAnd there is also a plethora of technical analysis and price action textbook gifts in this market. They are always there, in any market, they just tend to be less ostensible, harder to spot. With SOFI, the patterns scream. I’ll let the chart and its notes speak for themselves. In short though, although this market is displaying prominent signs of accumulation, there is no breakout and close yet above the upcoming resistance area. This is noteworthy because this breakout and close would entail the official start of an uptrend by several technical analysis metrics. And if the market is not trending yet, what is our business in it, unless we’re also accumulating positions like a hedge fund? Remember that the current market stage could resume for much longer, as perhaps even never convert into an uptrend … the future is hocus pocus. These technicals just help you frame trading ideas and spot asymmetries, they are not crystal balls, Lastly … manage risk, manage risk, manage risk, manage risk … this is the number one priority at all times, by all means. Cheers, Tenacious Tribe
NASDAQ:SOFILong
by ruben_rodrigues
SOFI: What it takes to REVERSE? Key Points to watch next week!• SOFI is trying to react, after doing a new all-time low; • The key point is $4.82, as this price did work as a support level multiple times this year, and it seems it is working as a resistance on SOFI this week; • SOFI must break the $4.82 as soon as possible, as if it takes too long, it might lose momentum and seek new historical lows; • By breaking $4.82, the next target will be the retracements, as seen in the chart above. The 61.8% seems to be more important, as we see some struggle around this area on Nov 17 - 18; • Either way, we must patiently wait for more signs on SOFI, but these are the key points to watch next week. I’ll keep you updated. Remember to follow me to keep in touch with my daily analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
1
$SOFI - Single bust descending triangle?In earlier post this morning, I miss identified the pattern as "diving board pattern". To qualify as diving board pattern the price has to drop at least 20% from the orange base line. The price declined only about 9%. So single bust descending triangle seems a better fit. Theoretically if the price can break above the triangle base line we should see price break above $6.0 and ultimately get to $8. Given the market condition and student loan head winds, $8 seems impossible. Target 1 - $5.30 Target 2 - $5.65 Target 3 - $6.0 Stop loss - $4.42 and below Risk - falling to back to $4.42 and $3.65 in worst case. —— Trade is done when it hit one of the target or stop loss is hit. Disclaimer: Personal trading note. Not an investment advice.
NASDAQ:SOFILong
by PaperBozz
SOFI: Target Hit + Top nailed! What's next?• Since our last analysis, SOFI corrected to our targets, being the first at $5.70, and the second at the 21 ema (link to my previous analysis below this post, as usual); • Now SOFI is correcting along with the indices, therefore, this is a systemic correction; • We see a bullish reaction at the 21 ema, however, it is too soon to tell if it is a meaningful bottom sign or not; • Either way, if it loses today’s low, I see SOFI correcting more, probably below $5; • It all depends on how it’ll react today. I'll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
NASDAQ:SOFI
by Nathan_The_Finance_Hydra
2