SOFI trade ideas
$sofii've actually been eying this stock for maybe a month now, i dont short or play puts so i waited patiently for entry. today i bought 400 shares and i am looking for this to make highs back to $22-$25. sofi seems to have a good army of investors and institutional holders. this could become a long term hold if bank charter news creeps closer anytime soon!
SOFI moving from bottomMassive flow coming into 07/15
Could have found a bottom
R:R is great and worth getting in at any pullback
[stock] SoFi - SOFI - Tell its not going to do it again! SoFi - SOFI - Tell its not going to do it again! What is the likelihood that SOFI will bounce again? Is it possible? What do you think? Edutainment Purposes Only!
SOFISOFI bounced at the 88.7
conservative wave 3 target with normal fib would be 32 and with log fib it would be 37 so if it plays out that would be the zone for partial profit taking
tho also need to watch intraday price action at the resistant at 19-20 too in case the move up was an X and not an impulse
SOFI, 4 Hours, Shark Analysis 2 SOFI, 4 Hrs Shark Shape. Analysis II
Buy between 16.15 - 15.60.
Buy between 14.67 - 13.12
Target I : 17.57 , Target II: 20.30
STOP LOSS @ 12.51
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DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision, or contact the specialists’ institutions. Thank you
SOFI, 4 Hours, Shark NASDAQ:SOFI
SOFI, 4 Hrs Shark Shape.
Buy between 16.15 - 15.60.
Target I : 19.08, Target II: 21.21
STOP LOSS @ 14.21
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks,
expressed, or implied herein, are for entertainment purposes only and should not be construed as personal investment advice. If you decide to invest, please make your own decision,
or contact the specialists’ institutions. Thank you
Beautiful TA on SoFiTechnical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going.
DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌
Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.
sofiwe tapped some long term area of support today we NEED to hold this range of support roughly around 14.50-14.33 we have seen wicks below these areas but if we close a daily below its time to run howver if your bullish sofi this is an extreme buy zone use stops and risk mangment but this could be a monster trade zone or an area where sofi fails and drops really really hard
SOFI is about to find its supportAverage volume continues to grow in SOFI. We have to remember that for every seller there is a buyer and when supply dries up, demand will drive the price back up.
SOFI is currently trading in a very strong support level and I suspect that it will find a bottom soon here between 14 and 15. I was short from 24 and long again here at 15.
SOFI long Range trading + SPY drawdownI think that fears of the US debt ceiling on December 15 are causing the market to push lower. In this, I currently differ from mainstream media, which says that Omicron variant fears are responsible for this.
SOFI is still on it's range, and I believe it will push higher soon. Going long at current SPY levels is safer than at ATH.
SoFi Swing PositionI like this holding here at the .618 level and will be taking a position here. Further down arrows mark additional DCA levels I will consider - if reached. Now if this holds, I anticipate $35+ before next retracement.
Practicing fib and trend reversalsStarting to see a reversal on the 2h. Looking for a buy opportunity. My first published chart so any feedback is appreciated!
[stock] SoFi - SOFI - Not so complicated?SoFi - SOFI - The channel range seems easy to visualize from a technical standpoint. Will price follow the pattern? Edutainment Purposes Only!
SOFI trendline bounce?$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.
_______________________________________________________
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.
