NASDAQ:SOFI mother-baby bar formed, followed on with bullish pin bar with a tail that extends beyond and closing within mother bar range.
Bought another 500 shares today at $6.85.
NASDAQ:SOFI closing the week with a bullish pin bar at the critical $6.50 support level is crucial for the share price to bounce hard from this level.
Mother-baby bar TA never fails, look at the previous mother-baby bar formation back in early May 2023, a bullish pin bar formed and NASDAQ:SOFI bounced more than 100% within 1-2 months.
NASDAQ:SOFI is currently testing its Pivot Top from May 1st, 2023, marked by a green arrow. For bullish momentum to be sustained, Sofi must remain above the designated purple line. However, if it closes below this level and sustains that position with a weekly close, it would indicate that bearish forces have taken control.
Sofi seems to be magnetized to the .114 Fib that I drew on the daily from the most recent macro swing high. The megaphone channel is still in play and the stock really cant catch a break. Between insiders selling and their loan revenue coming under scrutiny, the blood is real. I hold a large amount of spot shares and have traded the stock with options in the past....
NASDAQ:SOFI I added more long and mid-term calls on SoFi on Friday.
The price experienced a bounce from the lower trendline of the channel it has been trading in. There is a slight bullish divergence in both MACD, RSI, and William R %.
We could have seen a channel breakout last week if those THREE insiders (CMO, CRO, President) did not sell.
Price...
Sofi has been in this megaphone pattern for a while and I have played this bounce a few times. I believe this stock is being heavily manipulated, possibly by traditional banking advocates. I hold this stock long-term and got a great spot entry in the early part of the year/last december. Entering a call setup for end of year here on this bounce region. Id like to...
Calls are paying off, and the momentum looks promising.
The price has the potential to reach a significant resistance zone between $8.00 to $8.50.
Why is this level crucial? It's because $8.00 - $8.50 represents the convergence of several resistance factors:
1. Head and Shoulder neckline resistance.
2. 50-day moving average resistance.
3. Point Of Control...
Shares of SoFi Technologies (SOFI) gained ground Monday through Tuesday after the fintech company raised its full-year guidance following a quarter in which it achieved record new memberships and product enrollment, as well as a big increase in student loan volume.
SoFi reported a third-quarter net loss of $19.5 million, or $0.03 a share, but CEO Anthony Noto...
Sofi is one of my largest spot holdings and I entered calls on this most recent green supportive touch. RSI has reverse and broken trend, it was a triple beat for earnings and volatility is looking to expand for my 9$ dec. 15th calls. The top side of the megaphone locally is ~ 9$ with prior areas of interest as high as 9.5-10$.
With student debt resuming, sofi is looking to present great forward guidance. They have been beating earnings/revenues and most metrics despite not having their largest cash generator with the previous zero interest environment. Sofi TA wise has a breakout of RSI bouncing above 20SMA as well as breaking the downward trend. I am eyeing Dec 15th calls 9.5$. For...
SoFi Technologies, Inc. (Nasdaq: SOFI) has been one of this year’s best-performing stocks with its stock up more than 77% YTD – outperforming the market in the process. While the stock is down 8.6% since our last article covering it, it may be poised to rebound soon as its Q3 earnings are set to come out pre-market on October 30th. Analysts expect the Fintech to...
Sofi is still one of my larger bets for small caps long-term. We are seeing a clear expansion of volatility within this wedge. If small caps reverse likely and upside break. We are at the exact point of a large sell order from May today with an area of a lot of support. I would bet we hold, but I do no not currently have open trades on the stock, just my long-term spot.
SOFI has recently finished a long term uptrend and is now continuing a downtrend pattern, there are multiple indications pointing towards bearish movement for the long term. Will update if any additional information changes my forecast.
NASDAQ:SOFI SoFi has broken out of the descending wedge and the Head and Shoulder neckline recently, currently resting on the neckline support.
To make a move towards the $9.20 - $9.50 area, it must maintain a position above the $8 level.
See my previous post for price levels.
SOFI resumed student loans for this quarter which was previously their largest money maker. Their banking license along with suite of companies they have acquired has fulfilled their business strategy. I am looking forward into the rest of the years results. SOFI attempting to take resistance for the third time (green line). I started averaging in around 4.75$.
