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SoFi Technologies, Inc.SoFi Technologies, Inc.SoFi Technologies, Inc.

SoFi Technologies, Inc.

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SOFI trade ideas

$SOFI | Allocation | Market Exec |Technical Confluences: - Price action has bounced off a 78% Fibo retracement - Below the 78% Fibo retracement is also been a Demand Zone which breaking it would like lead to a new all time low - For price action to move up higher, it needs to break above the Interest Zone (@ 61% Fibo) and also the resistance trendline - Upon breaking that, it's next resistance would be the Supply Zone area above Fundamental Confluences: - SoFi has shown impressive revenue growth but struggled with profitability, posting net losses due to high operating expenses and investments in growth. - The path to profitability is improving as the company scales and focuses on higher-margin products, but consistent positive earnings have yet to be realized. - They have historically reported negative FCF but recent quarters have shown improvements. The company’s ability to generate positive FCF will be critical to sustaining its growth without needing to rely on external financing. ----- I have previously allocated to NASDAQ:SOFI before as I feel this company is a high-growth potential with promising narrative as explained above. Will be happy to add if there is again a dip in the price. -----
NASDAQ:SOFILong
by weekendanalyst
$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. 🚀💰
NASDAQ:SOFILong
by PaperBozz
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!
NASDAQ:SOFILong
by KlejdiCuni
8
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 🇺🇸❤️
NASDAQ:SOFIShort
by HassiOnTheMoon