There is still hope!
Sofi has proven to be an underestimated because of its high volatile markets. There is plenty of evidence of a huge jump happening between the final weeks leading up to earnings to a week after. The last time there was a 10.50 stock price in SOFI was the start of an explosion to $27.
Like in my previous idea, there is much evidence of averages telling us that the market is going up. The fact that they just became a bank that is offering plenty of incentives to convert customers and they are a low-cost bank. They do not have buildings like regular banks. They are a totally online which means they will definitely have higher earnings in ratio to debt than their counter partners. LOOK FOR THE LEAP
SOFI trade ideas
SOFI Superbowl LVI hosted on the SoFi Stadium Two weeks ago you had the chance to buy SOFI at the SPAC price of Dec 2020.
What a round trip it made!
On Sunday, Superbowl LVI is hosted on the SoFi Stadium. It looks futuristic and will drive a lot of attention to its sponsor, SoFi, the online personal finance company that paid about $625 million for a 20-year naming rights deal.
My short term price target is the $14.15 resistance, but it can easily go to $17, which is the Bank of America`s price target for SoFi.
Looking forward to read your opinion about it.
SoFi: A Catalyst Saturated Fintech About To Drive Rapid GrowthSoFi has been beaten down, manipulated and ridiculed due to its SPAC origins… without even taking into perspective of the fast growth ahead of it.
The biggest reason that SoFi hasn’t seen rapid growth so far is due to the Biden Administration Extending Student Loan Pause Through May 1, 2022. I firmly expect this to be the last extension.
“The Department will continue its work to transition borrowers smoothly back into repayment…”
When this ends in combination with SoFi recently getting its bank charter approved… Revenue and Profit Projections will be updated to the positive.
SoFi has already started rolling out new features for members such as Margin trading, a 1.00% APY on both checking and savings (Market Leading) APY). More to come…
I highly expect SoFi’s upcoming earnings to be solid with an incredibly positive guidance ahead of it.
Many Major Analysts support this outlook with current ratings and price targets.
My Opinion:
$25+ is very realistic within the short term (2-4 months)
$35-$45 by end of the year with continued expansion in provided products as well as operations through CONUS & Internationally.
(Not a licensed financial advisor)
SOFI RESEARCH December 2021 to February 4, 2022Analyzed data points from December 2021 - Current date (Feburary 4, 2022)
Open High Low Close
Averages 14.13265 14.2891333333333 13.9624833333333 14.1164833333333
Minimums 10.71 11 10.515 10.715
Maximums 17.11 17.16 16.89 17.105
Look for a huge jump. They just become a central bank, and they have tons of incentives to attract customers. Great potential and extremely undervalued.
SOFI analysisSOFI has been plummeting and has a potential to fall below IPO price...Upcoming earnings will play a vital role in determining if that happens...I initially was going to go long at the $11 mark but have since decided to sit and watch for a bit...I really like this stock as it has tremendous growth potential but it's just not ready yet...Happy trading
Butterfly BAMM Looks to Take SOFI Down Another 58%The best way to play this would prolly be with some OTM Monthly PUTs around the $11 strike risking a smaller portion of your account that is what i will be doing here.
The linear 1.272 PCZ of this Butterfly Aligns with the logscale 1.618 This is no guarantee that SOFI will rise up from that point but i have a greater certainty that SOFI will reach that point so i will take the trade downwards.
SoFi TechnologiesHello fellows! What we have for now:
1. We have global positive news as SoFi becomes a bank
2. Having massive oversold situation to kill all margin traders after the news.
3. Technically having increasing volumes and diamond pattern in near future.
4. Already hit the bottom near IPO levels
Mentioning all above SoFi is strong buy mid-term.
Idea for $SOFI]Hey guys, I have recently started trading and thought i'd share this cool trading idea, SOFI is currently in a descending channel right now, and it is near the 13.64 level testing it, if tomorrow we can break that resistance level I can see us breaking the trendline and bouncing bullish out of the channel. On the 5 minute chart it is also forming a symmetrical triangle pattern, and if we can break out of it, I am going in with calls. Hopefully we see some strong volume as well. However, there is a chance we break bearish and continue the channel down. We'll see what happens at opening bell guys, GOOD LUCK 🤞.
$SOFI Key Levels, Analysis & Targets. - REQUEST$SOFI Key Levels, Analysis & Targets. - REQUEST
By request for @StockTri
SOFI is definitely in a downtrend still… If you’re already long then I would only add at the green support levels and maybe at the blue trendline…
BUT If it breaks below those levels I would wait until the macD breaks above the centerline again before doing anything else… since there’s just about no support under there…
If you can train yourself to always think in terms of support and resistance levels you will do well.
I hope this is helpful.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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( •_•)
/ >🚀
$SOFI - Back above lower trend line of sideway channelBounced from Jan 2021 congestion area of $12ish (see the yellow line). If we look at Jan 2021 area SOFI bounced big time with gigantic candle from that area. We are seeing the same here as well coincidentally the bounce was spurred by the bank charter announcement. With the price back in the side way channel, above prior strong support, we can expect the price to go towards the upper trend line of $24 area.
If the price manages to break above the upper trend line, the break out max target reach is $34 area.
Target 1 - $24
Target 2 - $34 (maximum breakout target)
Risk - Unable to break above $24 and retrace to lower trend line.
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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.
SOFI - Breakout of Megaphone; An Uptrend in the MakingSOFI played out a megaphone on 15M charts; a megaphone which successfully resolved upwards marking the end of the prior downtrend. Even since it IPO, price has bounced between $13 and $23 and it seems like this cycle (this rectangular channel) will continue. Accordingly, I would place a stop loss at $14 and take profits at $23. SOFI recently cleared a regulatory hurdle to become a bank. The news seems to have given the stock a much-needed boost and we could soon see price at new ATHs.