SoFi technologies (SOFI)Falling Wedge worked like a charm. Found support at the 50-day SMA. Making second attempt at the 200-day SMA. Holding this level will force professional capital into the name. Some risk at this point for a double top reversal. Still long. Still bullish. Longby sarge986222
Very Bullish on SOFIHeavily bullish on SOFI going into earnings next week. Soft landing is all but guaranteed at this point and talks of a rate cut, maybe even 2, have been ramping up possibly up to 50 basis points. Bank stocks **should** benefit from this and hope to at least double my money on this options trade. Will be holding shares for foreseeable future and buying more if earnings come in below expectations.Longby bushleaguequantUpdated 5
$SOFI - Be patientNASDAQ:SOFI posted a great quarter and guidance. I like the chart setup. This will finally break the $8 to $8.20 resistance, going to $9.10 and eventually to the $12 area. Targets from previous posts remain unchanged. 👀🚀 It is a broken stock not a broken business.Longby PaperBozz18
SOFI Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SOFI Technologies prior to the earnings report this week, I would consider purchasing the 7usd strike price Calls with an expiration date of 2024-8-2, for a premium of approximately $0.72. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptions5
$SOFI - Can we do it this time?NASDAQ:SOFI A breakout above $9.10 (resistance #2) confirms the wedge breakout, with a measured move targeting $12. However, it needs to overcome the $8 to $8.20 hard resistance area first. ER is on Tuesday. 🙏🚀 I had a wrong chart in my previous post. Here is the correct chart. Longby PaperBozz6
$SOFI - Can we consolidate here?NASDAQ:SOFI I closed my 9/20 calls for a 115% profit during the morning run-up. The stock was rejected from the $8 resistance area and closed below the 200DMA and VWAP. It is currently supported by the POC area of the volume profile. RSI exited overbought territory. As long as it holds above the POC and reclaims the 200DMA, it can consolidate here before making the next leg up. Watch $7.25 area for a pivot.👀Longby PaperBozz7
$SOFIreclaiming 200 ema about to reclaim previous range low targeting white line above likely to deviate above that and will reassess what to do there IF and when we get there invalid with acceptance back below 200 or a daily close below it. Longby CompoundingGain3
$SOFI - Still have room to run NASDAQ:SOFI The past three bull runs saw Sofi's stock price increase by 91%, 129%, and 64%. My target of $9 is less than a 50% increase for this bull run. If this bull run lasts for a 100% increase, the stock price could reach $12 to $12.50, which aligns with the measured move of the outer wedge's breakout. Although the RSI has entered the overbought territory, the MACD just crossed the zero line, indicating it still has room to run. Also, the fact that Sofi closed above the VWAP and 200DMA combined resistance is a big help with the momentum. Shorts have not yet covered in force. In fact, some may have doubled down during this run-up, as shown by the bottom red bars in the chart. This suggests there is fuel to light the fire when a positive catalyst emerges. 🚀💰 Longby PaperBozz0
SOFI: Bullish Wedge pattern indicating further upsideSOFI: Bullish Wedge pattern indicating further upside Price broke out from a bullish wedge pattern and this is indicating further upside. During the previous quarters SOFI reported very good data. Earnings Report is on 30 July 2024 and as I see the market is moving ahead of the data in order to anticipate the good numbers. We can see SOFI to reach 8.80 and 10.2 price areas easily. All details on the chart. Thank you and Good Luck!Longby KlejdiCuniUpdated 8835
SoFi Technologies (SOFI)Possibly breaking out form a Falling Wedge pattern of bullish reversal. Long the name. Short-term Target: $8.75, add down to 21-day EMA, panic on a new post June low. Longby sarge9865
$SOFI break Out Monday and close over $9 by end of the weekIf it can get past resistance at $7.40 on Monday, move past $7.94 swing level, could be a clear path to fill the gap at $8.57 and probably won't bump its head until $9.18. Longby R_Hawks12
Sofi presses momentumSOFI once again presses the momentum trend on the inflation news, a small rally into earnings. My 11.14$ price target for end of year remains but I would be happy to see higher of course. I currently only own 2026 LEAPs at 7$ strike which are very capital efficient. My plan is to sell calls against these if the stock can push 8$+. -Will earnings impress?Longby Apollo_21mil1
Sofi - ready to run?Sofi is peaking its head above the resistance level, held down by two Fibonacci pivot points. I’d like to see it break above $7 with high volume, that would mark the end of many months of lower highs and lower lows. Definitely keeping an eye on this one. I would have liked it to have touched $6 but buyers are stepping in and we are trying to reclaim the golden Fibonacci ratio as support. Keep an eye out for a breakout trade, not financial advice Longby NoFOMO_4
$SOFI - It will have to decide soonNASDAQ:SOFI Since the beginning of the descending wedge, the volume and price volatility have been steadily decreasing, which is a sign that selling pressure is easing. It will have to decide soon. 👀🚀by PaperBozz227
SOFI - More pain short term, more gain long termSOFI - seems like bear flag short term, ideally can break the pendant first downside and then reverse around 5.5 - 6 range, moon to 8.30 , I am adding shares below 6.20, currently holding a large sizeLongby S5_Trading_Desk6
Sofi LongSimple and clear chart here. Not enough buyers here. possible down move and then wedge break. A leap option would be a good idea. Chart is for educational purpose only. I am an amateur trader Longby febinweb2
SOFI: Not enough interested buyersI know there's a lot of investors out there that are hard for Sofi. I can appreciate that passion. Which is why I don't share this excitingly. I can't see any reason from a fundamental story stand point why this stock will be performing well this second half of the year, as it continues to break down. Banks don't demand a higher multiple. Unless there's serious growth that tells investors to look at it differently. One can argue that Sofia has a moat in its operating software utilizing AI. That said, literally any bank can do the same and are doing the same. Many have online platforms with virtual assistants and flexible loans and offerings. It can't be propped up by its trading platform, as Robinhood's dominance in the market draws from this thesis. After a break from the current pattern, I believe we'll see 4.50. Would be a good buying opportunity for those going long. No trade advise here. Best of luck! Technicals to note : Consistent lower Highs Hidden Bearish Divergance - upward movement on the oscillator vs. current share price moving downward 🇺🇸❤️Shortby HassiOnTheMoon2
SOFI - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.Longby Financial_Insights4
$SOFI - What's next?NASDAQ:SOFI bounced from $6.20, which is the lower trendline of the descending wedge and a Fibonacci extension area. The $6.70 to $7.64 area is going to be a hard resistance. If we can break above that VWAP, we could see it launch to the $9.Longby PaperBozz116
$SOFI Descending Triangle = Strong Short NASDAQ:SOFI Strong Short Here 🐻 $6.05 & $5.48 Gap Fill 🎯 X: @TheRonnieVShow ✅Descending Triangle breakdown and retest ✅9 EMA bounce ✅MACD downtrend & continuation under zero line ✅Volume Gap/ Price Gap down to $6.05 ✅Low sentiment NOT FINANCIAL ADVICE 🖖 Shortby RonnieV291
Build up a SOFI positionGreat opportunity to build up a position in SOFI. Price is testing trendline as a local resistance, right in the middle of a channel. In anticipation of price action it's a perfect moment to step in.Longby onemaninvest6
Bullish Gartley on #SOFIWell look what we have here. Looks like it should complete just below a gap fill and close to an ascending trendline. I don't believe in coincidences. #SOFILongby HotsauceShoTYME112
Sofi breakdownSofi is breaking down pretty badly here below the long-term trend line. This has happened before, I call these washouts if they return to the trend line after brief deviations. The prior candle is a very clear rejection candle with a high wick and long body, this is a bad sign for momentum or bullishness. I continue to slowly add to 2026 LEAPs and to sell 6.5 cash secured puts. This could really break down much worse though, 5.65$ looks supportive. Shortby Apollo_21mil2