$Sofi double bottom pattern (40% measured move potential)Symbol: Sofi
Pattern: Double Bottom
Timeframe: Weekly
Measured Move: $32 (40%)
Entry: $23
Target profit #1 $26.50 (15%)
Target profit #2 $28.50 (24%)
Stop loss: 20.5 (-10%)
Sofi
SOFI - EPS Squeeze DeliversWe are done for now, although once the Charter
arrives, this will head higher.
With a broader correction looming, we've closed a
very small position for $3.11 x 1.5
Good Luck to HODLers.
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SOFI has the most intrusive Date Agg of any online Bank.
IRS compatriot.
SOF will quickly become anther "Protected Entity"
The control they exhibited over some test accounts
we put up was disturbing, so much so we closed all
of them.
IMO Key support and new base is $20.75.5 fib ($20.75) is a key support that sofi needs to hold. That should be a new foundation to build from.
COIN Looks like a Short Ahead of EarningsDiminishing fees with the increased competitive landscape with HOOD, KRAKEN, etc.
SOFI - Squeeze Candidate ahead of EPSShort Interest has increased steadily.
It now exceeds 50 Million Shares.
Should it Beat EPS, selling the news
would be expected.
Expect the Potential for the Unexpected.
The Reddit crowd smells a Play.
We will see.
Charter News could arrive any moment.
SofiI like it. I like it a lot. Mix in the bank charter news and the hype about the super bowl...would love to see this to 35 at the start of next year.
SOFI Showing a WEEKLY BULL FLAG - where to next?SoFi has silently become the most innovative and legitimate financial services technology company and the bulls have been accumulating more and more stock as of late. This is one to watch for long term gains. It's still a good time to get in.
$PYPL BUYING THE DIP OPORTUNITY?Bloomberg News reported Wednesday that PayPal is looking at purchasing the image-sharing social media platform.
Price -4.91 % Down at close.
Daily HODLING the 200EMA.
Orange Box 1st Target price
Red Box 2nd Target Price
Closing (IRA): SOFI November 19th 17.5 Covered Calls... for a 16.92/contract debit.
Comments: There's still about .50 of extrinsic in the short calls here, but earnings are in 22 days, and I'm taking the money and running here. My cost basis in the shares covered by the short calls is 14.74 (See Post Below), so closing out here results in a realized gain of 16.92 - 14.76 = 2.16 ($216)/contract. This is about "neatening up" and/or simplifying my portfolio a bit more than anything else.
$SOFI - VERY BEARISH SP has rejected at the top of the Descending Triangle last two times. It looks like another setup is happening again. Short opportunity for a PT of $14.
Most conservative price prediction for SOFI in next 200 daysA friend asked for my TA on SOFI. I have not invested in it, so you can trust I am doing technical analysis from a non-biased position.
SOFI - ready to break the triangle? Fundamentals are strong on this stock. Most people don't understand their business. I invite you to look up Chamath's presentation when the SPAC merger was announced to know why this is a "winner takes most" play in the Financial Services sector. Good luck!
Things to note on the short term:
- RSI overheated
- Great volume candles
- Needs follow-through - there may be yet a chance to buy the dip!
$SOFI GOING BACK TO $14 -$15 ?PT : 14 - 15
Daily chart pointing to a reversal on price action.
1 HR
- Double top
-Confirmation of reversal once we break the 20EMA.
SOFI boxes strategy in action! feat. volume profileHi everyone!
Today we are analyzing NASDAQ:SOFI price movement.
As always, I am using my boxes strategy based on supply and demand.
BUT
In addition, I used volume profile for detailed context here.
A few words on volume profile:
It puts trade volume on vertical axes. So instead of volume per point in time metric, we observe volume per point in price . This way we can see at which price point the highest amount of volume had occured.
Let's implement it on our NASDAQ:SOFI chart.
Since February 2021 the highest volume has occured in 15.1 - 15.8 price range.
Red horizontal line at 15.45 is called Point of Control (POC). It is a highest volume node that has seen the most volume. Thus, that is a significant level of support/resistence.
Believe it or not, but I drew trendlines, boxes and indicated levels first. Only then I added Volume Profile starting from February, and its POC at 15.5 matched one of my box levels.
What does it tell us?
Two indicators confirm that 15.5 is a significant level.
We are at 19.3 now in a downward long-term trend near its top.
Plan:
Look for a return to 15.5 zone in order to start a position.
Probably better to open a position earlier at 16 to front-run algos.
If decent volume at 18 level occurs and it holds, start a position there.
Please let me know if this was helpful and if you want to see more analysis with volume profile.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.
SOFI daily ChartSofi has been following the pitchfork and fib retracement well and has ended today in a hammer. If this trend continues, watch the intersection of the .65/.618 fibs and the next pitchfork resistance as PT.
Bank charter information is expected to come out end of this month and the next earnings call is not far away either.
SOFI finally getting some loveSOFI is an absolute beast that has been undervalued for too long. Analysts coming out with price targets now are a joke. Where were you when this was at $14? Anyway, technicals are looking strong, broke through resistance, massive bullish candles, great volume.$19.78 is the next level to watch. It's lights out if we break above $20.50.
$SOFI plan for this weeksolid orange are intraday actionable plays
dotted are take profit targets
Harmonic pts are for longer dated positions
Rolling (IRA): SOFI October 15th 20 to November 17.5 Short Calls... for a 1.02/contract credit.
Comments: With only .13 left in the 20's, rolling the short call aspect of my covered calls down to the November 17.5's for a 1.02/contract credit, with a resulting cost basis of 15.76 (See Post Below) - 1.02 or 14.74/share and a max profit potential of the short call strikes (17.5) minus 14.74 or ($276) per contract.
SOFI - Good Long term Stock HereWeekly chart trading within symmetrical triangle and wave D. Weekly bullish engulfing showing continuation into next week. I like initiating a 1/5 position here with a max 5% allocation.
Entry 1: $17.64 (1/5th position of the 5% allocation)
Entry 2: $15.71 (adding another 1/5th position of the 5% allocation) - 2/5 invested
Entry 3: 14.62 (adding another 1/5th position of the 5% allocation) - 3/5 invested
PT: $40.35 - $44.93 for Wave 3 as long as wave 2 low is not breached ($13.14)
SL: $10
SOFI1. Testing support?
2. Price respects historical pattern?
3. Flag down needs to finish?
I like this setup. I want to see bullish candles at support. Once price rejects support, I want to see whether or not price will break through my trend line for a move towards the upsiide.
$SOFI looking for a breakout soon?What do you guys think?
$SOFI - great fundamentals and lots of potential in the business.
SOFI - Long Period of Consolidation - Breakout Imminent sofi
SOFI - a lot of momentum in the business with a bank charter around the corner, new president, football stadium, and more. This stock looks ready for a significant move to the upside. I could potentially see one wave lower to the green demand box, but with the 4hr divergence, decided to go ahead and jump in. Long shares of SOFI.
Target $40+
