NASDAQ:SOFI Stan Weinstein's stage analysis on #SOFI. We are currently at STAGE 1 - BOTTOM. Next stage - STAGE 2 - UPTREND has not even started yet. The uptrend will only start once we get above $8. So we have a long way to go. 💥🚀💰
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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,...
Text book ranging market with signs of accumulation.
This market had been in a downtrend since the end of 2021. As of May to 2022, the lower low swings became less and less steep, with 2 RSI bullish divergences popping up to prove it.
In Jan 2023, the bulls showed out their hand with a 25% plus week in 2x the average weekly volume. After testing the previous...
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.
After House Speaker Kevin McCarthy described the student loan payment pause as “gone” due to the debt ceiling deal, SoFi Technologies, Inc. (NASDAQ: SOFI) seems to be a huge beneficiary of the deal. Since one of SOFI’s core business models is student debt refinancing and it is back on the table, SOFI can now operate at full capacity again after the collapse of...
Looks like an inverse head and shoulders to me, ending around the time of the debt ceiling ordeal? If student loan forgiveness is eliminated, Sofi will benefit greatly.
SoFi is up about 50% since mid May. Can it make it to the 100% gain level around $10? Well Sofi has to breakthrough this key zone first. SoFi is trading above the 200 day EMA ' blue watermark'. Even though price is above the 50 day moving average, the 50 day moving average is below the 200 Day EMA 'blue watermark'. Therefore, there may be a pullback before...
Ready for a breakout upside to $6-7 in the next 2 months.
For a less risky strategy the wedge is yet to be broken and to confirm long.
This is a high risk play given the macro environment, debt ceiling, banking concerns.
Blasted off after earnings and then got hammered down quickly. Now it's found some support and we should see a nice bounce here. May take some time to fill the gaps, but this company has solid fundamentals.
Depending on the world financial credit situation SOFI looks like a good choice. If the government raises the debt celling and the fed cuts rates and begins easing after a small panic, the situation should be fine by Q2/Q3 2024
sofi 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
NASDAQ:SOFI #SOFI what a brutal ER reaction. The technical setups great for the bulls going in that changed after ER. The investors are concerned with the company's loan book. Gap at $5.48 might close. $5.84 - $6 will be tough over head resistance. 👀
SOFI is currently trading and forming a Bullish Head and Shoulders at a shared confluence zone between the log scale 1.618 and the linear scale 1.272 Fibonacci Extensions which in both cases would be the PCZ of a Bullish Butterfly; While it is possible that it could go deeper into the linear 1.414 Extension I do believe that the action we're seeing from the price...
Price just dropped to a demand zone. You can start adding now and until the break out. It could take weeks or months but looks that just hit bottom and the risk reward is huge.
Going into the ER, the setup was good. But the sell off after ER destroyed bullish technicals. It dropped below all moving averages. For the bulls the stock needs to climb back above $5.87.
$5.48 is current support. The stock might drop to $4.79 - $4.36 area, if that fails.
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Not an investment advice.
