Potential Swing Trade on SoFiHello Traders,
If you're a swing trader, SoFi could be a longterm hold. I would like to see a little bit of a retest back to the failed swing line, or back to the 4HR CHOCH pattern that was created before pushing back up. I'm also noticing price did gap around 15.00/15.50 on the Daily, so that could be a key area to take the long. The weekly also looks good as it's making its way to close above 7 weeks of candles. My profit targets would be 18.50 and potentially 20.00. I've said it before- A lot of patience is required for this pair, but it does pay!
*DISCLAIMER: I am not a financial advisor. The ideas and trades I take on my page are for educational and entertainment purposes only. I'm just showing you guys how I trade. Remember, trading of any kind involves risk. Your investments are solely your responsibility and not mine.*
SOFI trade ideas
SoFi Technologies (SOFI): Bearish Breakdown and Updated TargetsSoFi Technologies (SOFI) has shown clear signs of weakness after breaking below a head and shoulders pattern on its chart. While some speculate on a lofty $75.00 target, the technicals tell a different story.
🔍 Current Price and Technical Outlook:
SOFI is currently trading at $14.15.
The head and shoulders breakdown suggests further downside potential, with bearish momentum dominating.
🎯 Updated Bearish Price Targets:
1. First Target : $12.68
2. Second Target : $11.49
3. Third Target : $9.20
🚨 Stay Informed :
It's important to focus on realistic targets rather than hype. The technicals are pointing towards potential downside, so managing risk and setting clear exit points is crucial for traders and investors alike.
💬 Do you agree with these targets, or do you see a different trend forming? Let’s discuss in the comments!
Sofi approaches buy zoneSofi had a nice pullback as we expected. Note the firing off BBWP. This will reset volatility and momentum. I would love to see this stock hit the golden pocket like my other option selling stocks. I would also like to see stochastic RSI hit below 10-15.
My plan: Short-term bearish to 13ish
Sofi I like to simply buy LEAP calls and slowly sell and march them up. Currently I like Jan 2026/2027 20$ calls since it reduces my capital exposure but offers levered exposure. I have made a lot buying LEAPs on Sofi all last year. 13$ is my buy zone.
Sofi massive up and handle and targetSofi is prepping for a massive cup and handle projection. I expect this thing to correct for two more weeks alongside most markets. I believe SPX will correct another 3-4% into Jan 13th. I will be adding to my LEAP setups as we approach 13-14$. My target for this cup and handle projection is 24$, this may take some time. If the market remains macro bullish in 2025, this is likely before the end of May.
are you in sofi train or just enjoyinSOfi is one of the wall street and twitter fav but since past 2-3 years it is dominated by sellers. Now if you look at the chart black lines indicates vwap from sellers. currently at 16 every seller is in loss. Now today it has a breakout on volume. This past 2-3 month is month of SPAC. SOfi can still reach to its all time high to 28.
High FiveYesterday, we had a long wick candle which gave resistance a ' high five '(just touched it) and then closed within the downward channel. We have a few long wick candles in a unique place, but RSI and CCI levels are healthy and the braid filter has a speck of green.
Let's see if we can get a breakout of the parallel structure and then through the resistance.
If not further consolidation or a price drop.
Take Advantage of SOFI's Bullish Trend with Targeted TradesRecent Performance: SoFi Technologies Inc. (SOFI) has recently demonstrated
strong bullish momentum, benefiting from the overall rally in the technology
sector. The stock has exhibited notable volatility but has closed
positively, indicating a buoyancy in investor interest. This surge aligns
SOFI with other tech giants like Palantir and Tesla, both of which have
shown significant upward pressure.
- Key Insights: Investors should stay vigilant regarding critical resistance and
support levels. SOFI's current resistance is at $16.10, and a breakout above
this could pave the way towards a higher target at $16.60. Conversely,
monitoring the support level around $15.00 is essential; should SOFI remain
above this level, it may maintain its bullish trend despite broader market
fluctuations.
- Expert Analysis: The sentiment among industry experts leans positively towards
SOFI, especially if it manages to break through the $16.10 resistance. Some
concerns arise from the recent insider selling activity; a director sold 24
million shares, which, while potentially indicative of confidence issues,
has been partially offset by the positive trends in the tech sector.
Overall, the bullish nature of the market combined with SOFI's fundamentals
suggests a optimistic outlook.
- Price Targets: Targets for the upcoming week are as follows:
- Next week targets: T1 = $16.60, T2 = $17.00
- Stop levels: S1 = $15.75, S2 = $15.00
- News Impact: The trading atmosphere for SOFI is influenced by recent high
interest in technology stocks. While the insider selling of shares may
slightly dampen enthusiasm, the overall recovery of the tech sector provides
a backdrop for potential upward movement. Noteworthy market trends and
recovery patterns among peers further enhance the possibility of positive
price actions for SOFI.
Investors should keep a close watch on SOFI's interaction with these key price
levels and broader market cues to strategically position themselves for
potential gains.
Bullish Momentum Ahead for SOFI: Targeting $17 Next WeekRecent Performance: SOFI Technologies Inc. has shown a remarkable upward
trend, closing the week at around $16.40. The stock reached multi-year
highs, peaking at $16.61 during intraday trading. With SOFI trading above
its moving averages, this suggests strong bullish momentum that may attract
additional buyers.
- Key Insights: Analysts suggest that SOFI is on the brink of reaching the $17
mark soon, possibly by Monday. The company's recent strong performances
outshine many tech stocks, signaling a favorable environment that may
support further price appreciation. Investors should keep an eye on the
identified support level at $16, which may help mitigate risks during times
of volatility.
- Expert Analysis: Market sentiment around SOFI has shifted positively.
Financial analysts express a bullish perspective on the stock, connecting
its potential rise to broader trends in the fintech sector. The overall
favorable market conditions for technology stocks also contribute to the
optimism surrounding SOFI.
- Sentiment Analysis:
- Current sentiment: 82.5
- Last week: 28.33
- Change: 54.17
- Total mentions: 3
- Price Targets: Based on professional traders' insights:
- Next week targets: T1 = 17.00, T2 = 17.50
- Stop levels: S1 = 15.80, S2 = 15.50
- News Impact: SOFI has recently gained attention for achieving significant
milestones, including its two-year high. The ongoing innovations and
strategic initiatives within the fintech landscape underscore the company’s
growth potential. As technology stocks continue to attract investor
interest, SOFI remains a key player to watch moving forward.
SOFI – Testing Resistance: Breakout or Pullback Ahead? Dec. 2SOFI has seen impressive upward momentum recently, breaking out of a downtrend and consolidating near key resistance. This trading plan outlines critical levels, price action insights, and actionable setups for both scalping and swing trades as SOFI navigates this crucial zone.
Market Structure & Price Action:
* Recent Trend: SOFI has broken above its previous resistance of $16 and is consolidating near $16.38.
* Liquidity Zones:
* Buyers established strong support around $15.25–$15.50, forming a key demand zone.
* Sellers remain active near $16.50–$16.61, creating overhead resistance.
* Volume Profile: Strong bullish volume accompanied the breakout, but the recent consolidation shows volume tapering off slightly, indicating indecision.
Key Levels:
1. Resistance Zones:
* $16.50–$16.61: Immediate resistance zone where sellers have shown strength.
* $17: Key psychological level and a potential breakout target.
2. Support Zones:
* $16.10–$16.20: Short-term support within the consolidation range.
* $15.25–$15.50: Strong demand zone and previous breakout level.
Indicators:
* MACD (1-hour): The bullish crossover remains intact, but the histogram shows slowing momentum, indicating consolidation or a potential pullback.
* Volume: Declining volume during consolidation suggests a possible breakout if volume returns on a strong move.
Trade Ideas:
1. Scalping Setup:
* Entry (Long): Above $16.50 with confirmation (bullish candles and increasing volume).
* Target: $16.75–$17.
* Stop-Loss: Below $16.30.
* Short Setup: If price fails to hold $16.20, consider shorting with a target of $15.50 and a stop above $16.40.
2. Swing Trading Setup:
* Bullish Case:
* Entry: On a breakout above $16.61.
* Target 1: $17.
* Target 2: $18.
* Stop-Loss: Below $16.30.
* Bearish Case:
* Entry: Short below $15.25.
* Target 1: $14.75.
* Target 2: $14.
* Stop-Loss: Above $15.50.
Thoughts & Outlook: SOFI’s recent breakout above $16 signals bullish strength, but the stock is approaching significant resistance near $16.61. A breakout could propel the stock toward $17 and higher, while failure to hold current levels may lead to a retest of support around $15.50. Traders should focus on clear setups and volume confirmation before entering trades.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
$SOFI - What's next?NASDAQ:SOFI Since all published targets have been hit, you might be wondering what's next?
If we can successfully close above $16.25, we have a shot at $19 next.
Here are new targets:
$19
$23
$28
$34
Don't expect the targets to hit overnight. Once a concrete pattern is formed, I will have a better idea.
Caution: the stock is quite overbought. I would feel better if it can consolidate above $16.25 before the next leg.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
SOFI's Earnings Strategy Hold for Growth or Prepare for PullbackRecent Performance: Sofi has seen an impressive rise in its stock price,
recently closing at $15.75, marking a significant month-to-date increase of
approximately 44%. The stock has garnered a market capitalization of $17
billion, indicative of heightened retail investor interest in the evolving
financial technology sector.
- Key Insights: Despite the ongoing positive momentum, it's prudent for
investors to remain cautious of potential pullbacks. Current projections
suggest a revenue growth of 23% year-over-year, reflecting strong
operational performance. Monitoring key support and resistance levels will
be essential for making informed trading decisions as SOFI navigates this
volatile market environment.
- Expert Analysis: Expert sentiment towards SOFI is mixed, with some analysts
anticipating a correction that may bring the price down to the $12-$13
range, suggesting a need for vigilance. Positive indicators remain strong,
but the market's history of volatility, especially following significant
price surges, emphasizes the need for caution among traders and investors
alike.
- Sentiment Analysis:
- Current sentiment: 70.0
- Last week: 28.33
- Change: 41.67
- Total mentions: 5
- Price Targets: Based on current analysis, the following targets are projected:
- Next week targets: T1 = $16, T2 = $16.43
- Stop levels: S1 = $14, S2 = $13
- News Impact: SOFI is making headlines within the financial technology sphere,
showcasing impressive growth metrics and performance milestones. As the
company continues to innovate and expand its product offerings amidst strong
competition from traditional banks and emerging fintech companies, its
strategic positioning will be critical for future growth trajectories.
In conclusion, while SOFI demonstrates robust short-term performance, investors
should adopt a measured approach, weighing the potential for growth against the
risks of volatility.