Looks like wave C of this downtrend could be a double three. If that is the case it should bounce next week if the overall market is decent. Looking for 10-11$ short term. If it ends up being a triple three which is very likely considering I think the overall market (see SPY chart) might bounce early next week and then is extremely bearish, SOFI will go lower...
SoFi 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.
catching a falling sword only brings hurt...no reason whatsoever to bottom fish at this level...if 100 is taken out, next level is way down. If you are a believer (aka LT investor) you might want to dip your toes a little. There is a good support at 100 and structurally, company is not worse than what it was pre-covid.
Holding all moving averages on daily ++ Selling volume is lower than average ++ hasn't made new low since Dec 13 +++ Hasn't made new high since Jan 20 -- Overall weakness in chinese names - Takeaway: once price moves over 50 on volume, this will push to 65 and higher. Patience for now.
Once monthly RSI hits 30, its time to buy. Next month we can see big rally. Hope it will drop another 10% or so before it bounces back in March.
If you are looking for quality stocks, this is what you are looking for, 56% from here just to cover a MEGA GAP, strong fundamentals, low PE ratio 15 and the price is at pre pandemic levels when nobody used internet to buy everything.
SoFi has been beaten down, manipulated and ridiculed due to its SPAC origins… without even taking into perspective of the fast growth ahead of it. The biggest reason that SoFi hasn’t seen rapid growth so far is due to the Biden Administration Extending Student Loan Pause Through May 1, 2022. I firmly expect this to be the last extension. “The Department will...
Hello friends, today you can review the technical analysis idea on a 4H linear scale chart for Robinhood Markets, Inc (HOOD). The chart is self-explanatory. Price has a nice short term move up, however RSI just broke the support line, with the potential of a move down in price. Please read the chart for all the notes. Included in the chart: Trend line, Support...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Block, Inc. (SQ). The chart is self-explanatory. The price is in a descending broadening wedge and making an attempt to break out of the wedge. If price gets rejected it could fall into the Support Areas. RSI is at the S/R line and has potential to bounce off of it. If...
Today, SoFi Technologies ( NASDAQ:SOFI ) announced that the company received regulatory approval to become a National Bank. This is a massive achievement for SOFI. The Office of the Comptroller of the Currency (OCC) and the Federal Reserve have approved SOFI's applications to become a Bank Holding Company through its proposed acquisition of Golden Pacific...
What’s bullish: - Filled the gap - Bullish divergence - Bounced off strong resistance line transforming into support line - Bounced off strong support line since May - Earnings approaching What’s bearish: - Still under 50ema - Overall sentiment for Fintech is bearish at the moment Me: Hello started with stocks 1 year ago. After analyzing many charts I have...
The latest covid variant has certainly thrown the market into panic and has caused several collapses including the recent transfer of value by this ETF. In my previous analysis in November, my idea of increasing the price of ARKF was completely disregarded. Despite everything it seems that institutional investors have not changed their tendency to reduce the...
Elliot Wave Analysis on $UPST: 1- Corrective Wave 2 should most likely be completed somewhere in the zone depicted on the chart 2- Wave 2 may not be complete before 17 Mar 2022 3- Wave A, the first leg down of Wave 2, is already stretched enough so the price should reverse to the upside sooner than later 4- Wave 3, which is usually the longest and strongest of...
Recent strategic partnerships and acquisitions, insider share buying, trading under a 2.0 P/S with ~ $1.5B annual revs and $120B transactional volume, and significant gaps to fill on the chart all make PSFE a no-brainer buy at these levels. Just my personal opinion, not investment advice.
NASDAQ:SOFI $SOFI most probably found it's bottom, looking at a bounce from the trend-line. Too much FUD out there at the moment so we'll see but I'm accumulating heavily at these levels. Fundamentals remains strong.
Off more than 35% over the last few months and infact down on the year, this appears to be a dip that should be snapped up. The RSI has never been so oversold on multiple timeframes. The fisher is in extreme lows and with the price placed nicely on support. The recent fall has also made a bullish crab. Targets of 234 + 288 then will reassess.
This is where Technical Analysis and strong company fundamentals collide. CSE:PKK has their strongest quarter incoming (Q4) which is expected to surpass 2020's revenue in it's entirety. This, combined with a NASDAQ listing, and other unknown catalysts should result in powerful capital market results. More on the double bottom pattern: "The double bottom...
southeast asia emerging markets in time shall be rewarding for investors in RLABS a great team with solid background in fintech which are working organically made from gaming to vr etc