$SOFI - Potential descending triangle lower trendline reversalSofi has been testing the lower trend line inside a descending triangle. It has successfully held and bounced from that trend line 3 times prior and is expect to do so again.
Target 1 - $16.98
Target 2 - $19.12
Target 3 - $30
Risk - Price fall below $14.
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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.
1SOFI trade ideas
SOFI back in demand zone, just closed warrant redemptionJust days after a surprise earnings beat in November, SOFI announced a warrant redemption which subsequently sent it tumbling. Yesterday, 12/15, they announced the warrant redemption was completed, right as it entered into the demand zone.
RSI indicates we're in oversold territory and there's strong support in the 13.75-14.25 area. Financial sector stock are poised to do well heading into the new year with inflation skyrocketing.
SOFI BullishAssuming the tech selloff is over for now Sofi appears to be in a good spot to benefit from a possible "Santa Claus Rally"
Price bounced off the $14, which has been significant support in the past and is now testing the weekly (up) trend line. Also the MACD is beginning to curl up, as is the Accum/Dist line.
D+ is moving up and D- is moving down signaling a possible trend reversal.
Short term target $16.51 and then up the fibonacci scale. Eventually this will return to previous highs and I feel it will be a strong stock to hold for the next several years.
weedkiller420.com
Dip entries 🤑 bearish short term bullish longterm 🧐SOFI saw a big pullback after we saw the fakeout breakout i mentioned in my previous analysis. congrats if you went short/secured gains.
I believe shorts can keep paying until we hit 13 local support or extreme trendline support around 11-12.
goodluck traders! like and follow for more 💘
SOFINASDAQ:SOFI
I may buy @ 16.47 - 16.90
Sell Target I: 19.63 and Target II: 21.55
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
$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!
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.