SOFI potential trajectories SOFI looking out into the next year has room to triple in price watch trajectory lines to monitor PA
SOFI trade ideas
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
SOFI getting there make or breakSOFI getting there make or break above 16.80 it will touch 17.50+ very quickly.... go $SOFI go
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 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
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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
