SOFI trade ideas
SOFISOFI Stock looks Bullish
Huge Volume coming in
Good Risk to reward
Great Company Fundamentals to disrupt the fintech Sspace
Sector rotation into SPACS on Nasdaq = RISK ON
SOFI - looks strongSOFI got an upgrade from Jefferies to $25
Broke strong resistance at 17, cleaned the level and now is looking to move higher
There is no strong resistance to 25
Volume 22M is high enough to keep the stock moving up
Market is favorable to growth stocks at the moment
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
Closing (IRA): SOFI October 15th 15 Short Puts... for a .23/contract debit.
Comments: Opened at-the-money for 1.76 (See Post Below), taking 1.53 ($153)/contract's worth of profits here, freeing up the buying power for another shot lower should earnings disappoint. Still have the October 15th 20 Covered Calls on, where I'm waiting to roll the 20's out on approaching worthless ... (or to take profit should we have a decisive move above 20; unlikely, but we can dream).
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?
$SOFI - great fundamentals and lots of potential in the business.
SOFI Straight up, straight down.SOFI - Beautiful Daily chart here. Got some clear Bullish divergence on the MACD and the RSI at the bottom of the range and put in a couple higher lows. Above here, the target is 24$. You may have some profit takers at 19.82, and 21, but looking at historical price action correllation between the top and the bottom of the zone, its straight up, straight down, every time.
We are off the entry (13.94) but still an equitable 3:1 trade no matter which target you're looking for. I increased the stop for the larger targets to give some cushion, but i dont think its neccessary personally.
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+
SOFI BreakoutSofi has made higher lows since it gapped down in August and is trading just bellow the POC line (ytd).
The RSI is still low around 53 and the most recent daily candle closed above the .38 fibonacci level. The 9ema crossed the 20ema and the most recent candle closed above the descending trend lines.
I anticipate some resistance at $15.56
targeting: $16.70, $17.56, $20.03
Wowzer perfect harmony $37 TPa text book Butterfly pattern is forming this is an amazing opportunity to buy in low
SOFI Winding and Compressing for the Break and Run!Update on SOFI.
Cooking and preparing for a Run.
Very short Reversal on the 4 Hour.
Namaste Traders.
SOFIThe risk reward outlines is not impressive, and if It moves quickly, Ill try to hold out.
What is impressive is the holding itself.
The average analyst rating is way above where it is trading, gota like it when you get something at a bargain.
This is a good long term hold based on that info.
I am a swing trader, and I set my stop loss at 13.50
SoFi Setting up on the weekly for a Bull run.We have a nice weekly Bullish Divergence on the RSI and we are coming off of a Strong Weekly Support level.
Keep it on your list if you lov da SoFi. Im Targeting the End of October Options.
Just wait for the second pullback on the RSI to trigger Entry.
Regards,
Namaste Traders.
$SOFIChart pattern: Potentially could break down trend on weekly, thus tight Lease & small size with Entry @ $15.5
Stop loss when daily close under $15
Target $17.25
Timeframe 3-4 weeks
Note:
Potential long-term hold, valuation is expensive so keeping core position small for now.
SOFI Loading zoneI hope market correction. Then we can add more before skyrocket. We almost ending wedge in next 2 weeks.
SOFI PRICE ANALYSISSOFI is at an extremely important phase in its price action. There is an enormous triangle formed both on the 4h, and on the RSI chart within the same timeframe (with up to a 3% error.) We saw a false break of the pattern 9/3, and awate a more clear break of the pattern. A possible double bottom could be playing out with troghs on 8/17 and 8/31. A break of this long term triangle pattern could indicate an end to the downtrend. Potential support/resistance lines are displayed on the chart. On the other hand, if the downtrend is not broken, a retracement as low as the base line displayed above could occur (and then possibly lower.) Aside from the slight possibility of sideways trading, it seems likely we will see a significant price change soon.
Khan's Market Corner - KW 36 - Swing Trading Idea: $SOFI$SOFI
Bad earnings results, partly meme-stocks and some legal issues. Indicators might look like it will drop a bit more - if it will find a bottom it is a nice opportunity with 2 gaps above
Closing (IRA): SOFI September 17th 15 Short Put... for .53/contract debit.
Comments: A little bit of Plain Jane profit taking ... . Put this on for 1.70 credit/contract (See Post Below). 1.70 - .53 = 1.17 ($117) profit per contract with 14 days to go. I've still got October 15th 20 covered calls and October 15th 15 short puts on.
MOOLAcharting to provide buy sell indications based on different charting inputs and the support resistance for a stock .
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75
It seems Sofi Technologies has be gaining as a platform, and members seem to be growing.
The further development of their app and platform should increase user satisfaction and create networking benefits.
SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform.
The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID.
Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company.
It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative.
But overall, I think this company has an incredible future ahead.
When we move to the technical side of things
SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for.
A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap.
Keep this on your watchlist.
