SOFI trade ideas
Sofi - Buy the dipSofi has recently seen a selloff due to pipe being unlocked and being able to sell. We had 2 very high volume days, and today Sofi hit a low of 17.6 but rebounded to 19.4. It also held the 17.5-18 support area, giving it a bullish close. This stock should go back up to 24 within a month.
SOFI - Amazing play at these levelsHello everyone,
Last time I have reviewed SOFI, the stock was sitting at 23$ and it was a great buy on those levels.
At just bellow 20$, this stock is truly a Steal! It has broke through and completed a Head and Shoulers pattern and is not at the support of a huge triangle.
There is also a gap to 21$, which we would want to close on first and then head to 25$.
Sofi has amazing fundamentals as a company and may as well be considered long-term play from here.
I wish you all good luck!
$SOFI - cup & handle watch - $18 or $34Cup & Handle broke down. It can still correct/turn bullish if it doesn't break below 18.
Validation point - $24.50
Good case - $34
Bad case - $18
Worst case - $16
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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 charting.New stock barely over half a year old since its IPO date back in nov. not easy to chart. these price targets i have are highly optimistic even for myself I have high doubts these targets will hit but hey i guess im that crazy but lets see.
1st pt 28
2nd 40
3rd 55.
lol like i said very optimistic. my first pt is a bit more realistic but lets see this crazy market has been crazy all year round since covid wouldnt hurt for me to get a little crazy either.
SOFI Retracement on the short term, Bullish on the long termRetracement on the short term, SPY looking weak and due for a correction due, Finra investor margin debt is on at ATH relative to GDP (source: www.finra.org). Still have a bullish pre-disposition with $SOFI, playing the market highly defensive - will be doing partial to full hedging on portfolio these next 60 days. Tread carefully guys and good luck!
SOFI - This Is The BeginningHello everyone,
I hope you are doing fantastic.
We went through the SPAC merger with amazing volume and great price movement.
I would say that this is one of the best value plays at the moment and we got a rather cheap valuation of around 2.3B Market Cap for the stock, which gives us plenty of growth potential.
The company may very well be one of WSB's mentioned stock, so this may further drive the price up.
Also, it does have the potential to get on the ARK portfolio in the future, which would further increase the price.
The minimum price target on the stock is $50 in my opinion and I would say we should be there until the end of the year.
I see this as a pure long-term play and the price we are getting at is more than amazing.
I wish you good luck and stay green!