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SoFi Technologies, Inc.SoFi Technologies, Inc.SoFi Technologies, Inc.

SoFi Technologies, Inc.

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SOFI trade ideas

$SOFI - Ouch!NASDAQ:SOFI Ouch! The convertible note offering, together with a 21.7 million share dilution to retire some of the 2026 notes, broke the triangle setup. Note that EPS is not impacted by the 21.7 million share dilution, as it is calculated based on fully diluted shares, which already account for the 2026 notes. There could be further impact on the share price once we see the terms of the convertible notes and analysts' reaction to this news. Unlike previous sell-offs, this one has a material impact. Until I know more about the deal, I will not be adding to the position. In terms of technicals, if $7 fails to hold, there is a possibility that the price could see a quick trip down to the $6.45 to $6 area due to the volume gap.
NASDAQ:SOFI
by PaperBozz
1
SOFI momentumSOFI is once again above the golden fib. Earnings season was substantial but the bears took the reigns shortly after. This highly shorted stock squeezes on occasion, especially as funds continue to add to existing large positions. I think we see another test of this megaphone that the stock has been stuck in for months. -Short term 9.7ish and some retests would be best case scenario -I took profits today on June 10$ calls and am keeping the rest until we get closer to summer -I am keeping all of my spot but havent added in a while
NASDAQ:SOFILong
by Apollo_21mil
$SOFI is expected to reach a value of $9.45 in the near future.The Double Bottom indicates a bullish reversal and bears resemblance to the W pattern. This chart pattern is formed after a downtrend, where two lows are observed below the resistance level, commonly known as the neckline. Let's see whether Cathie Wood has made accurate predictions. Price 1 Standard Deviation Resistance 8.64 Price 2 Standard Deviations Resistance 8.86 Price 3 Standard Deviations Resistance 9.03 1-Month High 9.45
NASDAQ:SOFILong
by sej4974
SOFI Long?SOFI is now in a nice bullish upward move after the earnings correction . Due to upcoming NASDAQ correction next week . SOFI might drop and test the support level of 7.68 Entry can be made with a strict stop loss of 6.90 It is just bouncing up from its 200 EMA/SMA which is a great sign of bullish movement .we can see the previous bounces off the 200 EMAs have given a good movement upwards . Safe Entry 8.80 and safe Stop loss of 6.90 TP @ 10.20 if it breaks above 10.60 then ride it till it last :)
NASDAQ:SOFILong
by vortexTradingSolutions
$SOFI - Could launch from hereNASDAQ:SOFI I remain bullish and my targets mostly unchanged from my previous post. The cup and handle bottom is still intact. In addition to cup and handle, the stock is trading inside a triangle. It is currently sitting on POC support + triangle lower trendline support from which it can bounce and travel upward. I believe it has a potential to head towards $10 area in the coming weeks. Here are the upside targets: $10 $12.50 $14 $17 Downside risk: $7
NASDAQ:SOFILong
by PaperBozz
1
SOFI right back downSOFI one of my larger holdings is right back down to the very important real line that has served as resistance and support for months. I was able to sell half of my 10$ strikes during that pump to secure initials. I am still very bullish on Sofi long-term and have always believed large banks are manipulating the stock. I am patient here and willing to keep my moderate leveraged position and spot. I expect a stochastic expansion here, the company simply makes too much revenue to be valued at current prices.
NASDAQ:SOFILong
by Apollo_21mil
Forget morgan stanleys downgradestanley fools, these same imbeciles will be the ones to downgrade an equity or in this case a competitor right after their competitor just proved their worth recently after consecutive earnings beat. These are the same people or entity who is waiting to scoop up shares of SOFI at their PRICE TARGET. the ones in control of the big funds, with the click of a finger be able to buy and short any amount they want if the please, manipulation at its finest. As Sofi hit a high of mid 9s on monday Jan 29/2024 there was major resistance more like manipulation at a key resistance, as the run was too much even from a technical perspective yes it was overbought. However their fundamentals are only getting better, and they are afraid. Banks rating another bank who would have guessed, thats like trump grading Biden. anyways back to the technicality sorry for my rant. As we observe the two timeslines provided the weekly, and four hourtime frame the weekly candle is slightly leaning towards the bullish momentum based on the green candlebar. However the volume still being red signalling sellers have momentum. The current price action is currently in the same position when price closed on friday before reporting earnings on monday. the four hour RSI is above 40 pointing to the upside and the two last candles to the right are close to the ichimoku cloud so if only buyers were to step in again around this price range and close above 8 will be a good start. I dont have it included but if you look at the monthly candle which is only 1 day of febuary about to close so far it started off with a red bearish candle but the wick or shadow is below the body meaning buyers are trying to gain traction at the beginning of FEB. a new monthly cycle, as buyers lost momentum in the 9s and majorly in the 8s confidence was lost profits were taken. However this only provides another opportunity for those who have actually did their due diligence and research and not follow fools who make sofis earnings seem miniscule. mon 04 dec 2023 price hit a low of 7.65 192.288M volume, week of mon 11 dec 2023 price hit a low of 7.83 271.359M week of 16 jan 2024 hit a low of 7.21 (buyers deemed the price cheap and entered long) 166.489M week of 22 jan 2024 hit a low of7.52 278.154M week of mon 29 jan 2024 hit a low of 7.57 with a volume of 592.118M
NASDAQ:SOFILong
by b58-nic0
CSP at demand zoneI like this stock very much, I've made big gains with calls, covered calls, CSP and with the stock itself. It's very technical and I think it will hit the 14 level by the end of the year so each time it pulls back it's an opportunity to buy more. This time is not different, there is no setup yet that's why I sold CSP strike 8.5 expire 02/09. I sold them a great price, around $95 each. Still a good opportunity to sell more CSP, at this level it's going to take some time to build up a setup and in the mean time the puts will expire worthless. If price keeps dipping, that's fine, I'll collect the premium anyway and I don't mine buying at 8.5.
NASDAQ:SOFILong
by ArturoL
$SOFI Stock: Is This a Buying Opportunity for 2024?SoFi's strong quarterly performance, expanding customer base, robust interest income, high-quality loan originations, and growing lending capacity bode well for long-term growth. Consequently, investors with a long-term perspective may consider accumulating SoFi stock at its current trading price. Also, looking at the technicals this could be a very nice by with EW 2.0, 12345 impulsive wave in play. Not and investment advice I could be wrong.
NASDAQ:SOFILong
by SabahEquityResearch
7