Gap Up to 13.50+ on SOFI from July 31 2023 from 11.45You can currently play up intil $13.50+ where it will fill a gap from the historical chart. From 11.45 on July 31st 2023.
Sofitechnologies
SoFi jumped short and opened highSoFi jumped short and opened high
This chart shows the weekly candle chart of SoFi stocks from 2021 to the present. The top to bottom golden section is superimposed in the figure. As shown in the figure, the low point of SoFi stock in the past two years is exactly the 4.000 level of the golden section in the figure, and the high point in June this year is exactly 3.000 level! On the last trading day of July 2023, the SoFi stock jumped short and opened high, then surged, approaching the long start level before reaching the historical peak!
SoFi Technologies SoFi Technologies (SOFI)
A great example of how Fibonacci Extension levels align with support & resistance levels.
Confirmations for new entry:
- Break above OBV resistance line
- Retest of 200 day SMA or break & retest of 1.00
fib ext at $8.70.
If already in the trade, congratulations. We are above the 200 SMA and it is upward sloping. It would be nice to see us break and hold above the Aug 2022 highs.
I hope this chart can help you manage the trade and de-risk at specific levels or increase allocation by skimming and reentering at specific levels.
Short SofiNot sure what this company does. Candle pattern may form into something great, preempting that. RSI crazy, 50% allocation for this trade. Tight stops.
SoFi Technologies Inverse Head and Shoulders Breakout ~$12 PTThe Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal.
Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators:
1. Formation : This pattern is characterized by three consecutive troughs with the middle trough being the deepest (the "head") and the two outside troughs (the "shoulders") being shallower. Ideally, the two shoulders should be roughly the same distance from the head and there should be a noticeable downward trend in progress.
2. Neckline : The pattern is framed by a "neckline" drawn by connecting the high points of the two troughs. The neckline serves as the level of resistance that price must break through for the pattern to be considered complete.
3. Volume : Volume plays a crucial role in identifying this pattern. During the formation of the pattern, volume tends to be higher during the descent into the left shoulder, lower during the formation of the head, and increase again during the rise of the right shoulder. A noticeable increase in volume on the break above the neckline confirms the pattern.
4. Relative Strength Index (RSI) : The RSI is often used to confirm the pattern. The RSI, which ranges from 0 to 100, is a momentum oscillator that measures the speed and change of price movements. During the formation of the pattern, the RSI might become oversold (below 30) as the head forms and then start to rise as the right shoulder develops. A break above the neckline often coincides with the RSI climbing above 50, which is a bullish signal.
5. Duration : The formation of an Inverse Head and Shoulders pattern can take several weeks to several months. The longer the pattern takes to develop, the more significant the potential price reversal.
6. Conclusion and Breakout : The pattern is confirmed when the price breaks above the neckline, preferably on higher volume. After the breakout, the price may retest the neckline (now acting as a support level), before continuing its upward move. This is referred to as a "throwback".
7. Price Target : The projected price target is found by measuring the distance from the neckline to the bottom of the head. This distance is then projected upwards from the breakout point at the neckline to provide a price target.
The Inverse Head and Shoulders pattern, while a powerful tool, is not foolproof. It should be used in conjunction with other technical indicators to validate and confirm signals, reducing the risk of false positives. Additionally, market fundamentals should not be overlooked while considering potential trades based on this pattern.
sofi is buy in 2-3 month aheadsofi is buy in 2-3 month ahead , it’s making a diametric pattern in couple of weeks but after this correction it can be moved to high level or new high level
SOFI down big on earnings report Sofi down big after reporting earnings and in my opinion this is a buying opportunity with big guidance in the future
Upcoming earnings will reveal the strength of SoFiIn my opinion, SoFi's current position in the fintech industry is strikingly similar to how Amazon benefited during the dot-com crash. As the banking sector faces a crisis, I believe SoFi is poised to capitalize on the situation, much like Amazon did when numerous internet startups went under, leading to an influx of consumers flocking to Amazon.com.
As traditional banks grapple with failures and massive deposit outflows, consumer confidence wanes, providing SoFi with an opportunity to capture market share and boost deposits. SoFi's resilience, marked by a lack of deposit outflows and increased FDIC insurance coverage, mirrors Amazon's ability to emerge stronger from the dot-com bubble. I think this positions SoFi for accelerated growth in the midst of the banking crisis, just as Amazon thrived during the dot-com crash.
In conclusion, I personally believe that SoFi is on the verge of an "Amazon moment," where it can leverage the banking crisis to become a dominant player in the financial industry, continuing to innovate, expand, and deliver impressive results in 2023 and beyond. This parallel makes SoFi an attractive investment opportunity, in my view.
SOFI SOFI SOFI As we prepare for tomorrow's earnings release for SoFi, it's time to take a look at their past performance. SoFi has made significant strides in the fintech industry, but will these efforts be reflected in their earnings and push their stock above $6.00, reaching the daily zone and testing the 200 EMA? Or will SoFi remain a $5.00 stock?
Sofi LongNASDAQ:SOFI
Hi Guys
Sofi, Growth company.
Punished for having a bear market in the last few days.
Found a Support level, a Nice green candle in a down market.
Away from all the MA, CCI starting to move
Overall nice Reversal.
Entry 4.6
TP 5.1~5.3
SL 4.3~4.2
Lol Long time since I didn't go a long
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
SOFI Falling Wedge Bullish PatternIf we consider the previews falling wedges and the rise that followed them, i would expect that the price target for SOFI of Citigroup to be the next major jump after the all time low bounce.
Looking forward to read your opinion about it.
SoFI close to the SPAC priceSoFi gained approval and started SoFi Bank operations after the end of 2021.
With the Super Bowl played at SoFi Stadium they gained a lot of brand awareness.
In the chart we can se a massive bullish divergence.
My short term price target is the $14.15 resistance.
Bank of America targets $17 for SOFI shares.
Looking forward to read your opinion about it.
SOFI Superbowl LVI hosted on the SoFi Stadium Two weeks ago you had the chance to buy SOFI at the SPAC price of Dec 2020.
What a round trip it made!
On Sunday, Superbowl LVI is hosted on the SoFi Stadium. It looks futuristic and will drive a lot of attention to its sponsor, SoFi, the online personal finance company that paid about $625 million for a 20-year naming rights deal.
My short term price target is the $14.15 resistance, but it can easily go to $17, which is the Bank of America`s price target for SoFi.
Looking forward to read your opinion about it.
SoFi (NASDAQ: $SOFI) Looking Mega-Opportunistic Under 0.786! 👀Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.
