SOFI, 4 Hrs Shark Shape. Analysis II
Buy between 16.15 - 15.60.
Buy between 14.67 - 13.12
Target I : 17.57 , Target II: 20.30
STOP LOSS @ 12.51
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DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock...
NASDAQ:SOFI
SOFI, 4 Hrs Shark Shape.
Buy between 16.15 - 15.60.
Target I : 19.08, Target II: 21.21
STOP LOSS @ 14.21
DISCLAIMER:
I am not a financial or investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks,
expressed, or implied herein, are for entertainment...
Technical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going.
DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE....
we tapped some long term area of support today we NEED to hold this range of support roughly around 14.50-14.33 we have seen wicks below these areas but if we close a daily below its time to run howver if your bullish sofi this is an extreme buy zone use stops and risk mangment but this could be a monster trade zone or an area where sofi fails and drops...
Average volume continues to grow in SOFI. We have to remember that for every seller there is a buyer and when supply dries up, demand will drive the price back up.
SOFI is currently trading in a very strong support level and I suspect that it will find a bottom soon here between 14 and 15. I was short from 24 and long again here at 15.
I think that fears of the US debt ceiling on December 15 are causing the market to push lower. In this, I currently differ from mainstream media, which says that Omicron variant fears are responsible for this.
SOFI is still on it's range, and I believe it will push higher soon. Going long at current SPY levels is safer than at ATH.
I like this holding here at the .618 level and will be taking a position here. Further down arrows mark additional DCA levels I will consider - if reached. Now if this holds, I anticipate $35+ before next retracement.
$SOFI
Showed strength amid red market Friday. Held the $18 psychological level as well. Not a bad place IMO to pick up shares either if you're bullish long term..
- Bounced off 4HR trendline
- Held the $18 level
Calls as long as 18 holds
or BTD around 17.30
Will monitor XLF, IWM, for sediment.
Targets: 18, 18.50, 18.84,
My stop will be a 15 min close below...
Divergences at the top and turning, now dropping momentum also. This is an aggressive stance, as no waiting for the confirmation (which is a fair way down anyway) occurred.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red....
NASDAQ:SOFI
2 Levels of support; solid white and dotted white lines.
The dotted line is allowing lower lows
The solid line is allowing higher lows
Look for the upper/solid support line to be respected in order
to continue setting higher lows and continue an overall
bullish uptrend
If the lower/dotted line is broken with confirmation,
the bears will have...
NASDAQ:SOFI
Big takeaway: EMA cloud flips in accumulation zone/selling pressure zone. Look at the blue circles, these would have been excellent entry point for a long position.
2 Levels of support; solid white and dotted white lines.
The dotted line is allowing lower lows
The solid line is allowing higher lows
Look for the upper/solid support line to be...
LONG-TERM: Cup & Handle with hidden bullish divergence on the 4hr, the low it just put in was at a golden retrace, and was a historical level, close to a bullish engulfing candle on the daily. (not financial advice)
Originally I thought that we were about to start Wave 5 of overall Wave 3 which would take us to 30$ roughly. This dip from high 24's to high 18's and maybe a little lower has changed that. It looks like that spike on November 11th was actually wave 5 of 1 of overall Wave 3. We are now finishing Wave 2 of Overall 3. This makes more sense as well considering...
SOFI bounced after beating EPS estimates and made top at $24.65 before bouncing around at the 22.34-24.18 range. The long upper wicks on 11/11,12,15 show the stock's inability to entice buyers at that level.
The three most recent bars look like a "3 Black Crows" candlestick pattern which suggests further downside to come. The directional indicators on the ADX...
![SOFI: [stock] SoFi - SOFI - Not so complicated?](https://s3.tradingview.com/s/ShP1azXO_mid.png "[stock] SoFi - SOFI - Not so complicated?")
