SOFI showing clear sign of divergence in RSI/ADLSOFI stock price moving down but RSI and ADL showing higher highs and lower lows, it is clear text book divergence.
Lets see if this pan outs well.
SOFI trade ideas
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually.
"In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry."
Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
Chamath Palihapitiya's Baby..!Social media manipulations mean: a 355% increase in The Wallstreet Bets mentions just today..! 84 days cycles..!
Wallstreet bets are run by Financial markets experts, Social media experts, Public figures, and using AI ..!
Poor apes..!
I'm attracted to its options' premiumIt's an online banking stock with high options' premium.
It's now at a much lower risk to write both puts and calls.
Trend(OBV) uses True Strength Index to analyze "On-Balance-Volume", which measures buying and selling pressure as a cumulative indicator.
Horizontal lines and zones are supports (entry for bulls and exit for bears) and resistances (exits for bulls and entries for bears).
Diagonal lines from Fib fans are for trend-determination and additional levels for active trading.
The market is actively moving so the entries and exits for this type of meme stocks constantly change. Trade small if you want to practice!
SOFI - New long term - breakout!Hi,
SOFI Technologies about to break up. All technical indicators suggest upwards movement as highlighted on the chart.
I will monitor closely but massive opportunity to buy now or wait for a little bit more weakness.
Targets as per Chart
Idea only.
Open for discussion right here or in private.
Let me know what you think .
Regards
KZ
Opening (IRA): SOFI September 17th 15 Short Put... for a 1.70 credit.
Notes: I already have a two lot of covered calls on, but want to take advantage of high implied volatility here to potentially add at support. As usual, I'm fine with taking on additional shares, particular where the cost basis would be 15 - 1.70 or 13.30/share. 12.78% ROC at max as a function of notional risk.
Trend Reversal! SOFI is ready to blast some shortsSOFI has performed a solid crossover of the 14 period Linear Regression Line over the 30 period regression line on CMF trending towards positive. The slope of the 30-period linear regression line has also turned slightly positive, confirming another aspect of my system.
After today's 9% gain, it's likely that Redditors will be pouring into this one again, which could send it substantially higher. Long with confidence.
Backtest of my RLCO system on /ES (hourly trades): imgur.com
ready for a big breakout soon? possibly3 big bounces off this bottom trend its been holding, recently broke below while being held back by its top trendline. today was a nice bounce off support showing bulls are still in control, break over 17.5-18 area and we head back to 20+. goodluck! please like and follow if you enjoy my ideas <3
Slingshot to Earnings - Looking Good!Multiple touches in the yellow box could validate a possible bottom.
I’m long shares - might close before ER if this thing goes parabolic; slow chop up would be ideal
Sofi - Big move coming - Send itLooking beautiful, dip below trendline to fake people out, long as it stays above the red line it should fly out of the wedge, volatility extremely low.
Exercising: SOFI 2 x 15 August 20th Long Calls... and closing August 20th 20 Short Call and opening September 2x 20 Short Calls.
Notes: This is a trade that started out as a call ratio where I bought 2 x the 15's calls and sold a 20 call in the August 20th expiry, after which it promptly moved toward 15.
I'm inclined to think that it will need more time to work out, so exercised the long calls today to take on a two-lot of shares before more of the extrinsic value pisses out of them and then proceeded to sell calls against the two-lot in the September monthly. In a nutshell, I'm converting it to a 2 lot of September 17th 20 covered calls, which was basically my original plan if I didn't get a fairly immediate move.
Here's the math:
Original Setup: 5.79 Debit
Exercise of the Long Calls and Close of the August 20th 20 Short Call: 27.75
Subtotal: 33.54 debit ($3354)
Cost Basis Per Share: 33.54/2 = 16.77
September 20th 20 Calls: .60/contract Credit
Resulting Cost Basis: 16.17/share
And we'll see how things go from here.
Price levels I’m looking at Some price levels I am looking at with a long bias - SoFi is hold for me
Feel free to start a thread and or discussion in the comments - I’m open to ideas
Sofi DailyPossibly nearing a bottom! CCI and MACD Divergence on the daily! possible bounce area, 14.90 - S2 at 13.29
Banking on SoFiFinancial Technology (FinTech) is revolutionizing the way we transact in our daily lives. The days of paying in cash are far and few between. Say goodbye to those pesky coins. Regardless of blockchain disruption, the future of finance will for certain be digital. So how do you play this industry? You can go through high flyers like Paypal (PYPL) or Square(SQ) but these companies have had their run. Instead rely on an industry-low flier, Social Finance (SoFi).
This company is going above and beyond traditional finance. This company is creating a one-stop-shop, financial community. The company has endeavored in debit, credit, insurance, crypto, and much more. This is exactly the financial innovation that the millennial+ (1981-present) generation needed. Image an entity that you can use for daily transactions, mortgage loans, auto insurance, and stock/crypto investing, that is SoFi.
Did I mention they have a community aspect as well? SoFi is the banking industry in multiple facets. SoFi provides membership to its clients to where you can get financial planning, transaction summaries, store discounts, personalized career advice, and exclusive events. That the antonym to traditional, wall-street banking. A community environment that provides you knowledge and partnership in your financial journey. The insights provided are enlightening and insightful. The best part yet, the recent price action.
The company has been on a downtrend for the past couple of months but it is reaching a potential inflection point at its well-established support. The company has previously bounced off these levels indicating a possibility for another reversal. The risk-reward is very compelling considering that the downside is less than -10% while the upside is a more favorable +75% to the prior resistance. That is a modest price target of ~$23. However, the company is currently trading at a market cap of ~$13B. At the same time, PYPL and SQ have market caps of $353B and $108B, respectively. If it is truly the disruptor in its infancy ages, in due time the stock will have similar market cap trajectories, a potential 10x.
Finally, the smart money is already in this name. Although the coverage by analysts is minimal they are all indicating upside movement. If other analysts start covering the name it could serve as a catalyst. Renowned venture capitalist, Chamath Palihapitiya, is the CEO and a major shareholder (good management). Large institutional money such as SoftBank entered the stock at a higher price. Smart money is leading the way.
Bank on it.
SOFI, GET READY!Hello fellow traders and investors Sofi has recently been experiencing a pullback and looks like we're headed to test the support area marked on the chart. I am expecting a reversal after testing that area since we can see that it is a strong level of demand and selling volume is getting exhausted. it offers an 18% ROI to the 1st TP and a 65% ROI to the 2nd TP.
Entry: ~15$
Take Profit: 17.80$(1st) 24.60$(2nd)
Stop Loss: ~14$
Technicals:
-RSI=Oversold
-Moving averages still indicating a downtrend
-Exhaustion in selling volume
Fundamentals:
-Description: SoFi Technologies, Inc. provides financial services. It offers home loans, personal loans, in-school loans, and a credit card. SoFi Technologies develops non-lending financial products, such as money management and investment product offerings, and leverage financial services platforms to empower other businesses.
- Market Cap: 13.19B
- Sales Last 12 Months: 565M
- P/E: -
- P/S: 23.33
- Debt/Equity: 0.00
- Sales growth Q/Q: 167%
- EPS growth Q/Q: -
- Profit Margin: -
- Short Float: 24%
If you enjoyed the analysis make sure to like and follow for more! Thanks!
How does the road to $30 look like?Ascending wedge looks like it's in play. IMO looks like $24-$25 resistance might be broken next push up.
A clear bullish trend!We might be ready to shoot up soon. If this analysis is correct then we are inside the third wave. Third wave is the most explosive and bullish wave. We must find support here between the 0.5 and 0.618, IF support is found, get ready for a great move!
SOFI - Bears still in controlI expect this stock to keep plummeting to find support and once that happens it will rebound. I expect another 10%+ run down till all shorts are exhausted. Currently highly shorted. Watch out for volatility.
#Sofi $Sofi Knife is cuttingThis is where you need to be buying, buying and buying on the way down. The further it goes, the happier you should be because the more you can buy. This is not financial advice.
Trade Idea: SOFI August 20th 2x15 Long Call/20 Short Call RatioHere, looking to potentially get into this underlying on weakness with a high long delta setup while not spending a lot of buying power doing it.
Unfortunately, the strikes aren't as granular as I'd like with my general standard setup for these being (a) buying 2 x 75 delta; and (b) selling a 1 x 50 delta, resulting in a net delta long metric of around 100 so that the setup behaves like long stock and such that the short finances all the extrinsic in the longs. Nevertheless, I get close delta-wise to what I'd like to see out of these and get a break even close to where the underlying is currently trading.
Metrics:
Max Profit: Theoretically Infinite
Max Loss: 5.88 ($588)
Break Even: 17.94 versus a Friday close of 18.08
Delta/Theta: 110.26/-.60
Long Call Vertical Aspect Max Profit: 2.99 ($299)
Generally, I look at these setups in two parts: (a) A standalone/extra long call; and (b) A long call vertical. The reason why I do that is that the long call vertical -- consisting of one of the 15 longs and the 20 short -- has a max profit metric, and if I get the move I'm looking for (which would be a move through $20), I want to potentially take profit on that aspect of the setup. There is, after all, little point in hanging onto a position that is converging on max profit, since you can't make any more money on it (but can naturally still lose money on it).
Given the duration I've got to work with (around 45 days), I could also consider doing a money/take/run on a print that is a function of the long call vertical's max (e.g., 25% of 2.99 = .75, which wouldn't be all that bad of a return on capital -- 12.8%).
Additionally, if I get a monstrous move (e.g., to the top of the range at $25+), I can consider not only peeling off the long call vertical aspect in profit, but also selling another call against that is higher up the ladder and against the "extra" 15, converting the remaining part of the position into a second long call vertical with its own max profit metric (and improved break even).
Lastly (and again assuming a big move), I can pull off the long call vertical on approaching max, ride the extra long and then proceed to exercise it for shares and then sell call against, converting it into a covered call, assuming I want to tie up the buying power in a full one lot at that point in time.
