bearish downtrend broken, RIP to bears 🥶I did secure my shares for around 30% gain already, but watching for break above 8.62 for round 2
SOFI trade ideas
above 8.50 enter long above 8.50 enter long for a target of 10..
SoFi has received an A+ rating with the Better Business Bureau. The BBB uses a grade range of A+ to F when evaluating company trustworthiness and considers a number of factors — including customer complaint history, licensing and government actions, and advertising issues — when reaching a final rating.
SOFII find the price made two double bottoms and broke the neckline, so I wait for a retest of the level 7.70 to be the profit taking level 10.29
SOFI - Post ER chart set upKey Levels:
- Key Level of 6.75
- If key level can hold support my next resistance target is 6.9 then 7.25 followed by a push to 8
- If key level cannot hold support my next bounce area is 6.55 near the daily 50ema
- Earnings Released with increased forecast and revenue numbers.
- Broke 7 in AH, looking for another break of 7 for more upside tomorrow.
- Small caps/growth stocks on fire right now, with ER out of the way we can see clear skies ahead for SOFI.
SOFI, DailySOFI , Daily
Buy Between 7.05- 7.42
Sell @ T1: 8.41, T2: 9.25
Stop Loss @ 6.96
---------------------Disclaimer ----------------------
I am not a financial /investment advisor. All information I am sharing here is for entertainment purposes only and should not be considered personal investment advice. While the information provided is accurate, it may include errors or inaccuracies. Please, do your diligence when it comes to investing or trading in the market. You are responsible on your choice. Thank you
SOFI - Adam and EveQuite a number of beaten down stock are showing bullish reversal formations. SOFI is looking to form one such pattern, namely the Adam & Eve. While it is still way below the 200 day moving average, it's RSI is strong and might be worthwhile to "test" some water on these stocks.
However market turns could still be a very volatile period until it can go above the 200 day moving average again. Hence trade with smaller amounts for a start.
If the stock only suffers a shallow sell off after FOMC next week, then it could be sign that the bulls are gaining traction
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
$SOFI - Important timeEven though SOFI broke out of the falling wedge it is currently at the junction of multiple resistance area.
1. inverse head and shoulder neck line
2. symmetrical triangle breakout
3. prior failed breakout area.
4. 50 DMA that it has failed to break above multiple times
The company came out with S3 filing for $1 Billion shelf offering and recent reverse split power given to the board is going to act as tremendous head wind to the stock price at this juncture. Bad timing.
If the price break above $6.40 and trade above that price level for 3 days, it would be bullish. Otherwise we could see it retrace back to $5.79 - $5.30 area.
It will all depend on whether the investors can shake off the shelf offering news. Frustrating time for investors.
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Not an investment advice. Your trading decisions are your own responsibility.
SOFI scalpHey everyone,
I believe SOFI will pull back in the coming week or two. Reverse-stock splits are typically bad news, so the fact that SOFI pumped today on the momentum of this announcement appears to be an opportunity for an easy scalp. Puts with at least a 7/29 expiration or shorting the stock would be an excellent way to take advantage of this.
Expectations are that the stock will drop at least $0.20 and then from there we could see recession fears pull SOFI down a bit more, potentially around $5.90.
I believe this may potentially have another day or two of rallying left, so monitor closely on Monday and Tuesday or a good entry point.
Some things to be aware of: SOFI is certainly still considered a meme stock, make sure you put your stop buy/sells in place. I would also recommend moving your stop buys down as SOFI crosses it's VWAP or SMA on the way down.
If you're brokerage allows it, a trailing limit order or stop buy would be excellent way to protect yourself and any gains.
$SOFI heavy insider buying from CEOI think Anthony Noto is looking at the weekly chart too.
Seeing a bullish cross on the MACD. RSI is extremely oversold and looks to have bottomed out. And SOFI looks like it's battling with the upper bound of this parallel channel.
Once it fights through it and closes above it, it should easily hit $7.70.
The sweet spot for the majority of people to get out from being underwater is right around the VWAP and what I would consider the next big target, $13.94. (Circled)
$SOFI - Can we see a turn?Technically, if we close above $5.5 things can change. Need follow through above $5.50 for at least 3 days to say May 10 low of $4.82 was the bottom. On the bearish side view, if $4.82 is taken out, we can see $3.59. Why? coz it the year long side way channel break down target.
By some miracle, if the price break above $6.30, there is a chance that we could see $8.
The stock is trading below book value with growing members and increasing revenue.
Disclaimer: not an investment advice.
SOFI investment thesis for a 100%I will give you 3 things in what to think.
1. Unemployed people
2. Inflation
3. Leverage
Unemployed people will use credit to buy that credit will generate revenue, inflation means the reduction in the consumption power, people have two options consume less or by with credit, that means earnings, leverage, people use credit to acquire houses, cars, and other gods they need or they want, means revenue!.
SOFI LONGPerfect spot of limit buy (big players)
Level confirmed by big red candle which in most cases does not breaks level.
Short float about 20% + insider buys
Awaiting upside move
NOT Financial advise, use SL
$SOFI let's make some more money 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Today my team entered digital finance company $SOFI at $6.70 per share. Our take profit has been set at $10.
Our current portfolio: $MIRM, $SOFI, $BABA, and $EQX
Our entry: $6.70
Take profit: $10
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$SOFI - downtrend channel breakout!SOFI recently broke out of the downtrend channel and successfully retested the channel and bounced. It is also in a pennant and resolving pennant to the upside could result the price to head back to $10 area.
Not an investment advice.
SOFI- Weakest to strongest
How quickly market can change...this was one of the weakest names in last month's sell-off and got slaughtered, but now emerging as a leader among the growth names.
Claimed 11 EMA and daily mid BB ++
60VMA overhead will be key spot to watch around 8.3 if it can build below, first target will be 13.
not a position yet, but on watch for long target.
Quick setup on SOFI LONGSOfi is about to stand up to reach next support =)
Quick setup on long
Use SL, not financial advice
what a interesting setup here!we either see trend resistance act as support now then rally to the upside like $NIO did not too long ago..
or we break back into the bearish trend and head to new lows
be ready to play both sides, long trigger at 7.46, short trigger 5.99
SOFI 5/23/2022ZNGA
After its Uptrend peaked Jan.’21, ZNGA entered a Distribution stage that saw price move sideways until end of July.’21.
Price broke down from range and officially entered Downtrend Aug.’21.
The down move saw price fall from 9.70 to 5.69.
Early Jan.’22, price bounced on a gap move pullback up to high of 9.17. It failed to break back above 9.72 resistance level.
Price entered a minor side-ways range between 8.51 – 9.17 from Jan.’22- end Apr.’22.
It has since broken down from this range and has also pulled back turning previous support at 8.51 into resistance.
Yesterday’s candlestick closed as a shooting star at resistance. Today’s broke below the low of the shooting star. This my cue to enter trade short.
Entry: 8.20
Stoploss: 8.79
Target: 5.87, +28.41%, 3.95 RR ratio
$SOFI earnings today 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team entered digital finance company Sofi Technologies $SOFI at $6.70 per share on 5/5/22. Our take profit was originally set at $10 per share.
Today my team has averaged down on $SOFI at $4.87 per share. This brings our average down to $5.80. We still think that $10 can be reached but to be on the safe side we believe that establishing a take profit at $6.95 is ideal. This would be a 19% increase from our average.
Earnings are expected to be reported today after market hours. We were considered adding a stop loss, but it has dropped so much that we believe that there is no longer any need.
Ultimately, we are willing to hold this one out until it reaches our take profit.
Good luck to all today!
first entry: $6.70
2nd entry: $4.87
Take profit: $6.95
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$SOFi In ABC Pattern I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
$SOFIGreat entry for shares long-term or call swings 2-6 Months+ out.
Expecting short term within 6-12 months this moves to $15/share.
Long term looking at $30-45/share.
SOFI reversal move possibleWhat we see here? We see convergention and increasing volumes on the one hand and good financial statistics on the other hand. SOFI is hugely oversold stock, time for bull run?
