A Major classic Bear Flag is setting up nicely with an targe extension pole to $4.60. Remember the length of the flag pole is the measured length to the target price which sits at the $4.60 which is also the support area.
You can currently play up intil $13.50+ where it will fill a gap from the historical chart. From 11.45 on July 31st 2023.
Paypal is an antiquated business model. The problem is, the Federal Reserve just launched FedNow, which is like a bank-to-bank Central Bank Digital Currency. Most CBDCs will come in the future, and they will target retail/consumers, and Paypal will no longer be useful for transferring money. In Canada, where I am, Paypal is already primarily worthless, because...
SOFI as a fin tech company has been volatile. Besides the issues of student loan forgiveness, the federal adjustments of the intrabank overnight rates and inflation inparting the budgets of its customers, the landscape has landmines and its litterd with signs of fiscal damage. Knowing it had upcoming earnings and perhaps some greed competing against fear with...
SoFi 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...
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...
On Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging...
Shown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel bounded by a pair of anchored VWAP bands - the first and second deviations above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI has been challenged by another round of student loan forgiveness by our President as well as the instability in the prime rates ongoing....
NASDAQ:SOFI is forming a descending triangle which has a high probability for breaking to the down side. The measured move is saying -19% I would wait for the moving averages to get a little tighter before this trade confirms and presents an entry.
After trading in a range from $4-$8 for the last 14 months, we find ourselves now with the possibility of turning the box marked with bulls into a support/buy zone. If we can get confirmation and continuation on this into next week or even just the markets hold up Monday i would expect at the LEAST to revisit the recent high. Making for a nice quick play. However...
SOFi in the past month as shown on the 4H chart has run up more than 80% and now appears to be in a standard 50% Fibonacci retracement. Price has descended from two standard deviations above the mean VWAP to a single deviation after a Doji reversal candle on June 14th. The reversal was also marked by the RSI and the signal lines crossing at a reading of 93...
Looking to see something like this play out for NASDAQ:SOFI to complete a 5 wave structure.
Not sure what this company does. Candle pattern may form into something great, preempting that. RSI crazy, 50% allocation for this trade. Tight stops.
NASDAQ:SOFI We all knew it has to consolidate somewhere. My preference is above $9.70 consolidation. If you look at volume profile ,you can see we put in a huge base $8 and below. Current price area has low volume resistance meaning the price is easier to move either direction. Why did we stop at $10.23? Look at volume profile bar, its higher than the...
The 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...
SOFI on the 2H chart is showing a massive bullish move of 30% in ten days. Most of the trading volume was near to the present price and indicated by the POC line on the volume profile. Price has not moved since most of the trades as there is now a consolidation phase more or less in the style of the high tight bull flag pattern. The three pat indicator of RSI,...
NASDAQ:SOFI hit $6 target today. Starting to break out of the descending wedge. Still expecting previously mentioned targets - $6, $6.50, $7.50, $8.0. Down side risk is now $5.50 - $5.
RDFN jumped with a 30% + pop from very favorable earnings with a volume spike Can it hold the price in the sessions of next week or will in bounce down from the supply /resistance zone charted by the LuxAlgo indicator. What are the probabilities? Long or short? What do you think? Is this a drop about to drop or can the momentum catch a breath and run hard again?