SOFI trade ideas
SOFI Loading zoneI hope market correction. Then we can add more before skyrocket. We almost ending wedge in next 2 weeks.
SOFI PRICE ANALYSISSOFI is at an extremely important phase in its price action. There is an enormous triangle formed both on the 4h, and on the RSI chart within the same timeframe (with up to a 3% error.) We saw a false break of the pattern 9/3, and awate a more clear break of the pattern. A possible double bottom could be playing out with troghs on 8/17 and 8/31. A break of this long term triangle pattern could indicate an end to the downtrend. Potential support/resistance lines are displayed on the chart. On the other hand, if the downtrend is not broken, a retracement as low as the base line displayed above could occur (and then possibly lower.) Aside from the slight possibility of sideways trading, it seems likely we will see a significant price change soon.
Khan's Market Corner - KW 36 - Swing Trading Idea: $SOFI$SOFI
Bad earnings results, partly meme-stocks and some legal issues. Indicators might look like it will drop a bit more - if it will find a bottom it is a nice opportunity with 2 gaps above
Closing (IRA): SOFI September 17th 15 Short Put... for .53/contract debit.
Comments: A little bit of Plain Jane profit taking ... . Put this on for 1.70 credit/contract (See Post Below). 1.70 - .53 = 1.17 ($117) profit per contract with 14 days to go. I've still got October 15th 20 covered calls and October 15th 15 short puts on.
MOOLAcharting to provide buy sell indications based on different charting inputs and the support resistance for a stock .
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75
It seems Sofi Technologies has be gaining as a platform, and members seem to be growing.
The further development of their app and platform should increase user satisfaction and create networking benefits.
SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform.
The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID.
Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company.
It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative.
But overall, I think this company has an incredible future ahead.
When we move to the technical side of things
SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for.
A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap.
Keep this on your watchlist.
SOFI potential trajectories SOFI looking out into the next year has room to triple in price watch trajectory lines to monitor PA
SOFI correction looks to be nearing completionA brief Elliott Wave analysis of SOFI shows a 5-3-5 corrective structure that appears to be complete or almost complete. With market weakness in the overall indicies, it's possible this sees a little more downside, perhaps in an ending diagonal structure (falling wedge), that would ultimately resolve to the upside. Alternatively, the 13.50 print from 8/17 was the low, and we should see higher prices from here.
Perfect BTFD! If you see from previous supports this is a key level that needs to hold. Which is showing a strong bounce as of now.
TP:$17
Get RISK/REWARD
Trend lightly since the market is a bit shaky size accordingly
SOFI looking to close upside gap? $SOFI has a decently sized upside gap to fill and is nearing a zone of strong structure/support. After waiting for a bounce confirmation I could see this rallying to descending resistance line sometime before next earnings call.
SOFI LONG SOFI was a spac but now they are going to trade on futuer earinings , great new company , 100% customers growth , this company has a great Future , i recommend you to buy this cheap stock for the long run 2 years time maybe 3 years long target price around 50 - 75 $
$SOFI Volume POC breakoutLiking the technicals here with the 8MA and MACD crossing. Breakout of Volume POC bullish signs. Earnings soon which could send it or cause a nice dip before the rip. #Bullish
$SOFI - broke below the trend line resting on supportSOFI broke below the trend line and resting on $14.34 support.
This is a critical area that needs to hold. Otherwise we could see $13.14.
$13.14 should be a strong support area as the last time when the price breaks down there, buyers came in and scoop up the shares.
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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.
SOFI gap down SOFI gapped down to what seems to be a well respected support area. Longing commons as there's no time-frame for options.
SOFI Looking BullishWatch Sofi over these next couple weeks - my initial short term target was the next resistance around $17.
If SOFI breaks through that resistance level then it can test 19, 21 next.
The Daily Chart looks to be forming a pattern similar to that of a fish-hook; with bullish MACD and Stochastic Momentum as well.
Can't forget to mention that SOFI also announces earnings on August 12th.
There was a lot of bullish flow on Friday prior to the markets closing, I would keep this stock on your watchlist, I see a big move coming pretty soon.
Opening: SOFI October 15th 15 Short Put... for a 1.76 credit.
Comments: Adding to my relatively small SOFI position here on weakness as a little bit of an engagement trade while I wait for a higher volatility environment in the broad market or exchange-traded funds.
My cost basis in any shares I may get assigned is the strike price (15.00) minus the credit received (1.76) or 13.24. The whole position is 2 x October 15th 20 covered calls, September 17th 15 short put, and (now) October 15th 15 short put. As with my September 17th 15, I'll run this to expiry or approaching worthless and -- if assigned shares -- will proceed to "wheel" it, selling calls against at the strike at which I originally sold my put. I'm comfortable with leaving these on through a vacation since they're kind of a "what happens happens" trade.
Rolling: SOFI September 17th 20 Covered Calls to October... for a .41/contract credit.
Notes: Rolling my covered calls from September to October here with a resulting cost basis of 16.17 (See Post Below) - .42 or 15.76/share. I wanted to do this before more volatility pisses out post-earnings announcement. Still have the September 17th 15 short put on, which I'm intending to run to expiry, since this is a relatively small position and am fine with picking up additional shares if that happens.
SOFI POTENTIALLooking to get long on SOFI in the morning but am expecting a slight pullback. If I see something like this especially ill take calls.
SOFIa break of $17.75 and $18.62 / could open $20-$27/
buys zone $14.18 /
SOFI is exceptional/ I recently opened an account with SOFI and I am very. pleased.
x5+ return potential //
long position and Jan calls//
SOFI - Time to fill in the GAPSHello everyone,
It looks like the Triangle pattern for SOFI has been confirmed by the bounce from the support.
We have 2 gaps at around the same levels that we are going to fill next, as the TP is going to be set at around $23.
I wish you all good luck!
8/9 SOFI(1) first purple zone is target to 18-20 in short-term
(2) second purple zone is a confirmed entry zone after SOFI breaks out the triangle, and consolidates above average volumes price
