NASDAQ:SOFI sitting on 50% fib retracement with narrowing MACD. RSI and William R % curling up. 🤞The price needs to climb above $11 to prevent it from H&S forming.
Lots of charts in the market looks like this. Including AMEX:SPY and $QQQ.
target price of 11-12USD within 2 weeks with continued price momentum and good volume which seems to have had a nice signal today around low 8s. Keep an eye out for Sofi prior to fed speaking this friday good be some volatility to the upside incoming. I think its time to reenter long.
if it can gain bullish momentum and break through $9.09USD would be another...
NASDAQ:SOFI saw a 28% pullback since peaking at $11.70 after earnings.
The current support of $8.35 needs to hold, or else we could see a further breakdown.
The worst case is a pullback to $6.45.
Watch the following support areas for support and reversal:
$8.35
$8.00
$7.24
$6.63
$6.45
I will update the chart once I see a potential reversal.
Like and follow...
not sure what is happening with this stock trading flat since earnings almost 2 weeks ago and still its held strong consilidated @ the mid 8s, volume is high price momentum has been stagnant. However, considering Sofi beating earnings quarter over quarter 5 times in a row now, signs of profitability in the near future. This stock is certainly UNDERVALUED, with...
With student loan repayments set to resume in October, the resistance zone has transformed into a support zone. Additionally, the stock/RSI is currently oversold.
looking for a reversal on a 2h chart on SOFI, look for good volume, positive conlidation in the high 8s if it can break and gain about 15% in a week breaking resistance over $9.89 USD id look to enter long before the end of the week, could look to short if it falls below 10%
but all the right metrics are in place for SOFI
this can easily test the mid 10s and...
For some reason retail loves SPACs that lose tons of money. While I am not a perma bear, I’m more bullish then anything, a recession is upon the horizon with the yield curve deeply inverted. Who knows when it will occur, could be years away but when it does people will default on their loans as usual and SOFI will likely take a big hit.
The street seems to agree...
bullish long term with sofi
technically idunno high interest rates and short interest kinda sucks but SOFi is profitable quarter over quarter 4 times in a row
id enter long anytime around 8.81 in my opinion its found support for now depending on us govt related news such as cpi
the recent downgrade caused overall marktet to go down but SOFI has stayed steady...
SoFi Technologies, Inc. provides various financial services. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money. It also offers personal loans, student loans, home loans, and related...
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...
The AD has now double bottom on the weekly chart along side price action. Looking for price action to breakout above yellow box resistances, and retest all time high
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...
macro: snp500 QQQ uptrend, earnings beat
News: PCE show inflation slowing
TA : breakout
entry: adding on pullbacks
STOP: rolling till worthless options
TP: holding until 25 region resist
risk: market downturn after very strong first half, fed continue rise interest rate
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...
