I think we're in meme stock phase of the cycle where things start pumping that make absolutely no sense at all -- Sofi is one of those stocks.
Again, wouldn't hold this thing, but it looks great for a trade.
Above the trendline and we should see a decent move to the $15 level and potentially to the $18 level if the first resistance breaks.
Let's see what happens.
Man I know there was a lot of positive sentiment around this name for 2024
but when the SPY goes down 1% this thing is down 10 plus percent on the day
not looking good for the SOFI moonboys out there.
this thing could still lose another 10% easy from here before even attempting a rebound
looks weak to me
NASDAQ:SOFI
NASDAQ:SOFI monthly bull flag over 6 month consolidation, going into rate cuts this stock should do very well. recent earnings also amazing. over $9.50 things all stops should be raised up.
Greetings. My idea is that after earnings we have entered Wave 3’s iii, which should be the strongest wave up. We finished wave 3’s wave ii at the 0.786 around $7.20. If all goes well I’m hoping for a target at the 1.618 which would be around $18.30. Timeframe is uncertain of course with EWT. GLTA
placed the fib on on pivot and run up. $7.30 ish area is a great buy zone per the fib tool. I'll give it a whirl. fintech is on one this year and i like it.
SOFI 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...
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...
How I am currently looking at NASDAQ:SOFI
could be in for a large move sooner rather than later here as we approach the pinch point.
looks like it wants to launch bad. keeping this on the watch list
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...
Sofi has been brutally beaten by short sellers once again, the stock simply cant catch a break no matter how well they perform these days. I still believe this is manipulation, but there is a light at the end of the tunnel, multiple days of consolidation right on the FIB is bullish imo. The supertrend flipped bullish to boot.
NASDAQ: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...
SOFI 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...
stanley 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...
I 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...
