test idea bearish short term rsi and bollinger band confirm overbrought market. Resistance at the current price
SOFI trade ideas
SOFI Long?SOFI is now in a nice bullish upward move after the earnings correction .
Due to upcoming NASDAQ correction next week . SOFI might drop and test the support level of 7.68
Entry can be made with a strict stop loss of 6.90
It is just bouncing up from its 200 EMA/SMA which is a great sign of bullish movement .we can see the previous bounces off the 200 EMAs have given a good movement upwards .
Safe Entry 8.80 and safe Stop loss of 6.90
TP @ 10.20
if it breaks above 10.60 then ride it till it last :)
SOFI finds footingSofi has been brutally beaten by short sellers once again, the stock simply cant catch a break no matter how well they perform these days. I still believe this is manipulation, but there is a light at the end of the tunnel, multiple days of consolidation right on the FIB is bullish imo. The supertrend flipped bullish to boot.
$SOFI - Could launch from hereNASDAQ:SOFI I remain bullish and my targets mostly unchanged from my previous post. The cup and handle bottom is still intact. In addition to cup and handle, the stock is trading inside a triangle.
It is currently sitting on POC support + triangle lower trendline support from which it can bounce and travel upward. I believe it has a potential to head towards $10 area in the coming weeks.
Here are the upside targets:
$10
$12.50
$14
$17
Downside risk:
$7
SOFI right back downSOFI one of my larger holdings is right back down to the very important real line that has served as resistance and support for months. I was able to sell half of my 10$ strikes during that pump to secure initials. I am still very bullish on Sofi long-term and have always believed large banks are manipulating the stock. I am patient here and willing to keep my moderate leveraged position and spot. I expect a stochastic expansion here, the company simply makes too much revenue to be valued at current prices.
Forget morgan stanleys downgradestanley fools, these same imbeciles will be the ones to downgrade an equity or in this case a competitor right after their competitor just proved their worth recently after consecutive earnings beat. These are the same people or entity who is waiting to scoop up shares of SOFI at their PRICE TARGET.
the ones in control of the big funds, with the click of a finger be able to buy and short any amount they want if the please, manipulation at its finest. As Sofi hit a high of mid 9s on monday Jan 29/2024 there was major resistance more like manipulation at a key resistance, as the run was too much even from a technical perspective yes it was overbought. However their fundamentals are only getting better, and they are afraid. Banks rating another bank who would have guessed, thats like trump grading Biden.
anyways back to the technicality sorry for my rant.
As we observe the two timeslines provided the weekly, and four hourtime frame the weekly candle is slightly leaning towards the bullish momentum based on the green candlebar. However the volume still being red signalling sellers have momentum.
The current price action is currently in the same position when price closed on friday before reporting earnings on monday. the four hour RSI is above 40 pointing to the upside and the two last candles to the right are close to the ichimoku cloud so if only buyers were to step in again around this price range and close above 8 will be a good start.
I dont have it included but if you look at the monthly candle which is only 1 day of febuary about to close so far it started off with a red bearish candle but the wick or shadow is below the body meaning buyers are trying to gain traction at the beginning of FEB. a new monthly cycle, as buyers lost momentum in the 9s and majorly in the 8s confidence was lost profits were taken. However this only provides another opportunity for those who have actually did their due diligence and research and not follow fools who make sofis earnings seem miniscule.
mon 04 dec 2023 price hit a low of 7.65 192.288M volume,
week of mon 11 dec 2023 price hit a low of 7.83 271.359M
week of 16 jan 2024 hit a low of 7.21 (buyers deemed the price cheap and entered long) 166.489M
week of 22 jan 2024 hit a low of7.52 278.154M
week of mon 29 jan 2024 hit a low of 7.57 with a volume of 592.118M
CSP at demand zoneI like this stock very much, I've made big gains with calls, covered calls, CSP and with the stock itself. It's very technical and I think it will hit the 14 level by the end of the year so each time it pulls back it's an opportunity to buy more. This time is not different, there is no setup yet that's why I sold CSP strike 8.5 expire 02/09. I sold them a great price, around $95 each. Still a good opportunity to sell more CSP, at this level it's going to take some time to build up a setup and in the mean time the puts will expire worthless. If price keeps dipping, that's fine, I'll collect the premium anyway and I don't mine buying at 8.5.
SOFI SWING trade For a Buy to Min $14.00 overall Here is how I see this. Jan 30 evening. Looks like a BUY anything over my Lower dark green angled line Overall target for now is $14.00 Note the smaller targets along the way
$SOFI Stock: Is This a Buying Opportunity for 2024?SoFi's strong quarterly performance, expanding customer base, robust interest income, high-quality loan originations, and growing lending capacity bode well for long-term growth. Consequently, investors with a long-term perspective may consider accumulating SoFi stock at its current trading price.
Also, looking at the technicals this could be a very nice by with EW 2.0, 12345 impulsive wave in play.
Not and investment advice I could be wrong.
SoFi's Remarkable Turnaround: A Fintech Titan in the Making
SoFi Technologies Inc., ( NASDAQ:SOFI ) the fintech disruptor once labeled an "anti-bank," has achieved a significant milestone by posting its first-ever profit in the fourth quarter of 2023. The San Francisco-based company, led by CEO Anthony Noto, exceeded analysts' expectations with a net income of $48 million, marking a noteworthy leap towards its ambitious goal of becoming a top 10 financial institution. Let's delve into the key highlights and implications of SoFi's ( NASDAQ:SOFI ) recent financial success and strategic shifts.
Breaking Down the Numbers:
SoFi ( NASDAQ:SOFI ) reported a fourth-quarter adjusted net revenue of $594.2 million, surpassing Wall Street estimates of $573.2 million. Earnings per share (EPS) stood at 2 cents, beating expectations of zero cents and demonstrating a positive turnaround from a 5-cent loss in the same quarter a year earlier. The strong financial performance has sent SoFi stock soaring, with a 16% surge to $8.84 in early trading.
Strategic Shifts and Growth Outlook:
CEO Anthony Noto outlined a pivotal transition year for SoFi ( NASDAQ:SOFI ) in 2024, emphasizing the company's focus on technology and financial services segments rather than aggressively growing its lending operations. Noto stated, "We're not planning to grow our lending business at all," highlighting a deliberate shift in strategy. SoFi's ( NASDAQ:SOFI ) projections for 2024 include a full-year net income in the range of $95 million to $105 million, with an EPS between 7 cents and 8 cents. The outlook factors in four anticipated interest rate cuts, reflecting a pragmatic approach to the economic landscape.
Diversification Beyond Lending:
SoFi ( NASDAQ:SOFI ), initially recognized for student-loan refinancing, has expanded its offerings beyond traditional lending. The company entered the cryptocurrency space in 2019 but recently announced its exit due to regulatory pressures. In a move to enhance its investment platform, SoFi ( NASDAQ:SOFI ) will now allow customers to invest in alternative investment funds, mutual funds, and money market funds. This strategic expansion aligns with the company's vision of providing a comprehensive suite of financial services.
Outlook Beyond 2026:
Looking ahead, SoFi ( NASDAQ:SOFI ) anticipates robust growth, projecting a 20% to 25% EPS growth beyond 2026. This optimistic outlook reflects both sustained core business growth and the added benefits from new business lines expected to launch between 2024 and 2026. As SoFi ( NASDAQ:SOFI ) continues to evolve, it remains committed to delivering innovative financial solutions and capitalizing on emerging opportunities.
Conclusion:
SoFi's ( NASDAQ:SOFI ) journey from a student-loan refinancing startup to a profitable fintech powerhouse underscores its resilience and adaptability in a rapidly changing financial landscape. The recent financial success, strategic shifts, and diversified offerings position SoFi ( NASDAQ:SOFI ) as a formidable player in the industry. Investors and industry observers will undoubtedly be closely watching as the company navigates its transition year and pursues its vision of becoming a top-tier financial institution.
SOFI pumping pre-marketWill we see the god candle ? I believe so.
NASDAQ:SOFI , if nothing changes makes over 1 billion in earnings per year now, PE ~7x
NASDAQ:PYPL obliterated stock has a PE of 18x.
NASDAQ:SOFI therefore is worth about 15-17$ per share assuming it stops growth and does not expand profits in the future, the banks don’t want you to know this.
This assumes no multiple expansion, currently the average PE of the CBOE:SPX is 26, with even moderate multiple expansion NASDAQ:SOFI could find itself at 20$ plus fairly quickly.
NASDAQ:SOFI could rise as high as 32$ by next year with some multiple expansion
Long sofi yet again prior to earnings last chanceThe four hour timeframe seems to be oversold, accumulation of shares are underway this may be the last chance to purchase these under 7.50 after they report earnings, if im incorrect then this will fall back down further down to 6.50. WHich was a key price point when The CEO anthony noto purchase his own shares which is only a dollar more that we would pay. The weekly candle is still proceeding bearish however there seems to be quite a battle between bears and bulls. please tell me what you think about the biden administration forgiving student loans would this affect sofi stock negatively?
otherwise this price range and close to earnings reminds me of when pltr was around $7 i know two different companies however if they produce good earnings this will and push past 10-11 in by end of 2024.
Sofi chartLooking for the upside on Sofi coming off of symmetrical triangle a little risky because if the trendline breaks , it doesn’t have far room to fall, because we have a double support. looking for a price target of $11
Sofi volatility into earningsNext monday is a huge day for Sofi investors, the first GAAP profitable quarter is expected to be announced and the stock could rip or dip on the news. I am a sofi bull and was all last year and am heavily positioned into this setup. This volatility only makes options more lucrative as the Vega on these calls is insane. I chose the June 10$ strike to have some safety from theta decay, its a position I can slowly layer out of over months if SOFI doesnt give me a 30+% daily candle. Either way I will be taking massive profits if we get a god candle but will ride my spot shares hopefully for years to come.
$SOFI - bottom?NASDAQ:SOFI Sofi has either bottomed or is close to the bottom. I don't see it going below $7. It could touch that triangle bottom trendline, providing strong support.
My near-term target is $9.50. I will post long-term targets again in the future.
SOFI ANALYSIS PUMP'N'DUMP ???i was gonna call this tank but was like meh
Dont worry the effects of the recession are just kicking in (me who doesnt live in the USA speaking casually "dont worry its just recession things lol" (i know there is a ripple worldwide so shush))
that said the wen bottom prophet has come to speculate
firstly yes there is going to be a dip in all sectors so its natural second
like comment follow if you want to know which sectors\industries/stocks will boom in this recession and ask for stick recommendations
the reds are my buys i think the second red not that im buying this i buy 300%'er stocks baby
yeah (not being arrogant)
LONG SOFI when it hits $7.22There are a few factors that make this a good entry:
1. it is the 61.8 of the move from $4.45 > $11.67
2. it is also where the lower trendline intersects this point
3. RSI is oversold
What do you think?
Doubling down on SOFISofi has revisited a prior area of long term resistance. Will this hold for support? This heavily manipulated and shorted stock has been a real roller coaster. I still hold a large spot position and doubled down on 10$ strikes for June on this dip today. I expect profitability to throw the market for a loop and a short-squeeze on earnings. My price target is still 11.2$. A shorter-term area of interest would be the Daily .5 fib of 8.6$.
SOFI SOFI looks like it will shoot up higher next week from the support of a double bottom in the day chart. looks like it wants to bridge the gap next week. Before the day chart there is week chart. The last two candles on the week are both red, but they do not pass each other in high and low witch give mega support to a huge green candle that is expected to come. Also with banks reporting tomarrow, it also supports the chart here. Unless sofi has some a debt issue i am not aware of. This chart is based off of classical, historical method.
SoFi Cup and Handle formation with price target $13.60-14
Similar target with November Bull Flag
Earnings 1/29/24 projecting profitability
Current position:
SoFi 3/15/24 $10 C (Cost $1.26)
BTO 12/21/23 SoFi ~$9.60
TP Stop SoFi ~$13.60 (Credit $3.6)
long sofithe price action has had some recovery in the mid 6s, as insiders have reluctantly sold of shares more than buying shares. confidence has been renewed for many investors once Noto bought shares recently at the mid6s. observing the weekly daily and four hour charts there can be a potential reversal underway and can be an intriguing point for Long entry if thy is bullish on the stock.
low volume compared to previous months and weeks as the price as been in a downtrend, this month has been positive for many stocks but mainly subpar to neutral for SOFI its about time that this can break the 7.50-8.50 price and continue to the uptrend
if you are long term then this does not matter but loading up shares in the low 6s might have been the optimal choice
not only has sofi has had positive earnings beat the market has been holding the price up in the low 6s for the last couple months and in my opinion has a 10-30% upside!!
Sofi bullish diamond formation. SOFLYSofi formed a nice bullish diamond pattern nicely visible on 30min, which should play out next week. Market might be a little tired after a little selloff. Buy the dippers might step in and Sofi could be on the receiving end. The end of the pattern might play out at the gap fill at roughly 9.50. Good luck.
Sofi small bullish within bigger bearish megaphone patternPrice expected to break to the upside as high as 8.75 within small bullish megaphone pattern. After it might head back down as per the larger bearish megaphone patter. 15 minute frame.
