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SOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INCSOFI TECHNOLOGIES INC

SOFI TECHNOLOGIES INC

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SOFI trade ideas

Playing Sofi long here! Picked up a nice size position based on December 28,2020 candle wick high of $13.04. I've got another buy set for December 22,2020 high of $12.14. Doesn't look like it will get there, but I'm prepared. Now I'm looking for a move to $13.93 this week and then $17.15 this month. I like the fundamentals of sofi. With higher interest rates, pending bank charter approval, year over year growth, and super bowl LVI this year; it has potential. Long on Sofi and the new developing neobank eco system.
NASDAQ:SOFILong
by MoneyFishing
2
$SOFI - Support broke. What's next?Failed to bounce from the long term support trendline and the price has broken down below it. Important support areas are $13 and $11.45. If $13 support is critical psychological support area. As of now Oscillators are not turning up yet. So it's a period of indecision with a little weight on the down side. The cheaper the company gets the more likely it is to become an acquisition target. So anything is possible. I am watching for an opportunity to load more. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:SOFILong
by PaperBozz
2
SoFi (NASDAQ: $SOFI) Looking Mega-Opportunistic Under 0.786! 👀Social Finance, Inc., a finance company, operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders. Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.
NASDAQ:SOFILong
by Bullishcharts
2
Sofi my plan for the downside :)I wish we were up in the 20s and 30s like my friend Mr. Matterport (MTTR) but alas we can't all super cool and tied in with Meta...yet. How are you going to play the downside? My potential returns on covered calls would be invested in the discounted paper. I know selling covered calls isn't a great idea here in the 14-19.99 range in this volatile market, but DrDan must have more Sofi stat. If I'm going to payback these student loans to Sofi, I better figure out a way to make it happen. 10$ per hour resident salary is not doing it for me :) It's all love though. What's your plan? Sell covered calls when the stock price gets to $17.50 - 18.50 range for a strike price of $13. Exp Late Dec or Jan. Pray to all holy cows that bank charter happens before or after this little adventure begins or ends.
NASDAQ:SOFIShort
by Dr-Dan
SOFI gaining momentumLooks like SOFI is back on track in an uptrend. There are several catalysts ahead. Let's see if this scenario can play out. Next earnings can really push the stock to all time highs, because the business in all aspects has been doing phenomenal. Caveat: This chart does not include any bank charter news that can push the stock temporarily higher. I think if bank charter positively pushes the stock up, traders will take profit and the stock will come down to its previous broken resistance to test it, and long term investors will step in, and then the stock will gradually go up throughout the year.
NASDAQ:SOFILong
by mishaqman
1
SOFI about to break out at $17.17?NASDAQ:SOFI intra day is trading at >$16 as I type this. On December 10th SOFI was printing below $15.46 Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period). Lets back up in time some for context: On Nov 11 SOFI printed intra day at $24.63 Since then, SOFI has been trending downward and has fallen as low as $13.67 (on Dec 17) Dec 03 was the first time since Sept 22 SOFI was printing <$15.46. After consolidating in between the $14-15.50 range, SOFI seems to have broken out to the upside. Historically (although a small sample of history due to it being a new stock) $17.17 will be the next major area of resistance if SOFI continues to rally to the upside. Historically, SOFI has had 13 major upward/downward tests of $17.17 on the monthly candles, it is no stranger to this level. Of those 13 attempts to break through $17.17: Bullish Breakouts: 4 - Monthly candle open below and closed above $17.17 - The proceeding Monthly candle open and closed above $17.17 Bearish Breakout: 2 - Monthly candle open above and closed below $17.17 - The proceeding Monthly candle open and closed below $17.17 Positive Backtests: 4 - Monthly candle opens above $17.17 - Monthly candle either has a wick or body that closes below $17.17 - The proceeding Monthly candle opens below but closes above $17.17 Negative Backtests: 3 - Monthly Candle opens below but closes above (or has a wick in the case) that prints above $17.17 - The proceeding Monthly candle closed below $17.17 Overall Bullish reactions: 8 Overall Bearish Reactions: 7 Total # of Bullish runs: 3 Total # of Bearish runs: 3 The picture I am painting is the IMPORTANCE of the $17.17 level for SOFI. Take-aways: As SOFI moves above $17.17 and breaks $18.65 there is a high historical probability that it tests 24.63 or higher. As SOFI moves below $17.17 and breaks below $15.46 there is a high probability that SOFI tests $13.67 SOFI's price action seems to be condensing over time very slowly and is trading within a symmetrical wedge pattern in its most macro sense. SOFI's median price is (technically 17.54) but the $17.17(range) acts like a magnet, accelerating both bullish and bearish momentum The chart is very Sine-wave-ish, the cycles are apparent. Bulls as of now seem to have taken control and are looking to again test $17.17 Last thing of note: the wave-like nature of the stocks entire history is very similar to what we see in an accumulation/distribution phase B of a Wyckoff pattern. My predication is that $17.17 is tested in the next 30-60 days and will signal a massive bull run to new ATH's under one condition: THE NATIONAL BANK CHARTER gets FULLY approved. If the bulls can continue momentum through Jan., come Feb. there MAY BE a chance that we get word on this news which would accelerate SOFI past 18.65 and attempt to break the ATH of $28.26. If the bulls lose control at $17.17 I would look to $15.56 as support. This said, I will be looking at jumping into ATM SOFI calls (early) @ >$17.50 or OTM (late) at >$18.65 ATM Puts would be considered <$15.46 Of course, chart and news depending as that time approaches (if it does at all) Not financial advise. Do your of analysis and DD before entering or exiting any trade of your own.
NASDAQ:SOFILong
by OccamsPhazer
SOFI Bullish PotentialSince the covid low on 5th of March, The price action of this asset has made Higher Low's labeled as HL. The asset is currently gaining bullish momentum prior to a break within the long-term channel. the bullish shark pattern and regaining of the old major support of this channel with great bullish volume are all indications of a potential bullish swing to the midline of this channel and even higher for the top of the channel labeled as MR (major resistance).
NASDAQ:SOFILong
by Zivul33
3
Looking for a wedge up in sofimore buying volume on the daily then selling volume. starting to close pretty flat. looking for a few green days here with a projection on the chart looking for about 16.39 and $17.05 or so to take major profits before opening spreads and waiting for a breakout but i think there will be some selling going on as this is now a highly traded stock imo. I love the company im bullish in general but again i love PLTR technologies and if anything happens those stocks going back to $15 bucks and Sofi $12. As for now i will continue to remain bullish.
NASDAQ:SOFILong
by ismartinvesting
SOFI $15 support. MACCD and RSI are at the bottom looking for a reversal Target $22-$25. Q3 strong - revenue beat / + usrs// KBW PT $21 , MS TG $25 (Overweight)/// "SoFi Technologies (SOFI) shares climbed as much as 21% on Thursday, hitting a five-month intraday high, after the online lender reported a narrower loss and higher revenue for the most recent quarter and boosted its 2021 revenue outlook. Following the market close Wednesday, SoFi posted a Q3 loss of $0.05 per dil"- Nov 11 Institutional Ownership 43.91 % Total Shares Outstanding (millions) 807 Total Value of Holdings (millions) $5,191
NASDAQ:SOFILong
by ChimpCapital007
$SOFI - Potential descending triangle lower trendline reversalSofi has been testing the lower trend line inside a descending triangle. It has successfully held and bounced from that trend line 3 times prior and is expect to do so again. Target 1 - $16.98 Target 2 - $19.12 Target 3 - $30 Risk - Price fall below $14. ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:SOFILong
by PaperBozz