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Sofilong

SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst
SoFi Technologies 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 to see us break and hold above the Aug 2022 highs. I hope this chart can help you manage the trade and de-risk at specific levels or increase allocation by skimming and reentering at specific levels.
NASDAQ:SOFILong
by PukaCharts
SoFi Technologies Inverse Head and Shoulders Breakout ~$12 PTThe Inverse Head and Shoulders pattern is a classic technical analysis pattern that signals a reversal in trend from bearish to bullish. It is the exact opposite of the Head and Shoulders pattern which indicates a bearish trend reversal. Here's a detailed description of the Inverse Head and Shoulders pattern with key indicators: 1. Formation : This pattern is characterized by three consecutive troughs with the middle trough being the deepest (the "head") and the two outside troughs (the "shoulders") being shallower. Ideally, the two shoulders should be roughly the same distance from the head and there should be a noticeable downward trend in progress. 2. Neckline : The pattern is framed by a "neckline" drawn by connecting the high points of the two troughs. The neckline serves as the level of resistance that price must break through for the pattern to be considered complete. 3. Volume : Volume plays a crucial role in identifying this pattern. During the formation of the pattern, volume tends to be higher during the descent into the left shoulder, lower during the formation of the head, and increase again during the rise of the right shoulder. A noticeable increase in volume on the break above the neckline confirms the pattern. 4. Relative Strength Index (RSI) : The RSI is often used to confirm the pattern. The RSI, which ranges from 0 to 100, is a momentum oscillator that measures the speed and change of price movements. During the formation of the pattern, the RSI might become oversold (below 30) as the head forms and then start to rise as the right shoulder develops. A break above the neckline often coincides with the RSI climbing above 50, which is a bullish signal. 5. Duration : The formation of an Inverse Head and Shoulders pattern can take several weeks to several months. The longer the pattern takes to develop, the more significant the potential price reversal. 6. Conclusion and Breakout : The pattern is confirmed when the price breaks above the neckline, preferably on higher volume. After the breakout, the price may retest the neckline (now acting as a support level), before continuing its upward move. This is referred to as a "throwback". 7. Price Target : The projected price target is found by measuring the distance from the neckline to the bottom of the head. This distance is then projected upwards from the breakout point at the neckline to provide a price target. The Inverse Head and Shoulders pattern, while a powerful tool, is not foolproof. It should be used in conjunction with other technical indicators to validate and confirm signals, reducing the risk of false positives. Additionally, market fundamentals should not be overlooked while considering potential trades based on this pattern.
NASDAQ:SOFILong
by Diegolas_
2
Upcoming earnings will reveal the strength of SoFiIn my opinion, SoFi's current position in the fintech industry is strikingly similar to how Amazon benefited during the dot-com crash. As the banking sector faces a crisis, I believe SoFi is poised to capitalize on the situation, much like Amazon did when numerous internet startups went under, leading to an influx of consumers flocking to Amazon.com. As traditional banks grapple with failures and massive deposit outflows, consumer confidence wanes, providing SoFi with an opportunity to capture market share and boost deposits. SoFi's resilience, marked by a lack of deposit outflows and increased FDIC insurance coverage, mirrors Amazon's ability to emerge stronger from the dot-com bubble. I think this positions SoFi for accelerated growth in the midst of the banking crisis, just as Amazon thrived during the dot-com crash. In conclusion, I personally believe that SoFi is on the verge of an "Amazon moment," where it can leverage the banking crisis to become a dominant player in the financial industry, continuing to innovate, expand, and deliver impressive results in 2023 and beyond. This parallel makes SoFi an attractive investment opportunity, in my view.
NASDAQ:SOFILong
by Diegolas_