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Sofistock

Playing Sofi long here! Picked up a nice size position based on December 28,2020 candle wick high of $13.04. I've got another buy set for December 22,2020 high of $12.14. Doesn't look like it will get there, but I'm prepared. Now I'm looking for a move to $13.93 this week and then $17.15 this month. I like the fundamentals of sofi. With higher interest rates, pending bank charter approval, year over year growth, and super bowl LVI this year; it has potential. Long on Sofi and the new developing neobank eco system.
NASDAQ:SOFILong
by MoneyFishing
2
SOFI about to break out at $17.17?NASDAQ:SOFI intra day is trading at >$16 as I type this. On December 10th SOFI was printing below $15.46 Since then, it has tested the $15.46 level twice since its initial drop below that level (a 20 calendar-day period). Lets back up in time some for context: On Nov 11 SOFI printed intra day at $24.63 Since then, SOFI has been trending downward and has fallen as low as $13.67 (on Dec 17) Dec 03 was the first time since Sept 22 SOFI was printing <$15.46. After consolidating in between the $14-15.50 range, SOFI seems to have broken out to the upside. Historically (although a small sample of history due to it being a new stock) $17.17 will be the next major area of resistance if SOFI continues to rally to the upside. Historically, SOFI has had 13 major upward/downward tests of $17.17 on the monthly candles, it is no stranger to this level. Of those 13 attempts to break through $17.17: Bullish Breakouts: 4 - Monthly candle open below and closed above $17.17 - The proceeding Monthly candle open and closed above $17.17 Bearish Breakout: 2 - Monthly candle open above and closed below $17.17 - The proceeding Monthly candle open and closed below $17.17 Positive Backtests: 4 - Monthly candle opens above $17.17 - Monthly candle either has a wick or body that closes below $17.17 - The proceeding Monthly candle opens below but closes above $17.17 Negative Backtests: 3 - Monthly Candle opens below but closes above (or has a wick in the case) that prints above $17.17 - The proceeding Monthly candle closed below $17.17 Overall Bullish reactions: 8 Overall Bearish Reactions: 7 Total # of Bullish runs: 3 Total # of Bearish runs: 3 The picture I am painting is the IMPORTANCE of the $17.17 level for SOFI. Take-aways: As SOFI moves above $17.17 and breaks $18.65 there is a high historical probability that it tests 24.63 or higher. As SOFI moves below $17.17 and breaks below $15.46 there is a high probability that SOFI tests $13.67 SOFI's price action seems to be condensing over time very slowly and is trading within a symmetrical wedge pattern in its most macro sense. SOFI's median price is (technically 17.54) but the $17.17(range) acts like a magnet, accelerating both bullish and bearish momentum The chart is very Sine-wave-ish, the cycles are apparent. Bulls as of now seem to have taken control and are looking to again test $17.17 Last thing of note: the wave-like nature of the stocks entire history is very similar to what we see in an accumulation/distribution phase B of a Wyckoff pattern. My predication is that $17.17 is tested in the next 30-60 days and will signal a massive bull run to new ATH's under one condition: THE NATIONAL BANK CHARTER gets FULLY approved. If the bulls can continue momentum through Jan., come Feb. there MAY BE a chance that we get word on this news which would accelerate SOFI past 18.65 and attempt to break the ATH of $28.26. If the bulls lose control at $17.17 I would look to $15.56 as support. This said, I will be looking at jumping into ATM SOFI calls (early) @ >$17.50 or OTM (late) at >$18.65 ATM Puts would be considered <$15.46 Of course, chart and news depending as that time approaches (if it does at all) Not financial advise. Do your of analysis and DD before entering or exiting any trade of your own.
NASDAQ:SOFILong
by OccamsPhazer
Beautiful TA on SoFiTechnical Analysis has been a hobby of mine for a few years now, and charts like this one really get me going. DISCLAIMER: THESE ARE STRICTLY MY OPINIONS ON THIS DATA. THERE ARE MANY DIFFERENT OPINIONS, THESE IDEAS COULD INVALIDATE AT ANY TIME. THE STOCK MARKET IS A VOLATILE PLACE, DO YOUR OWN RESEARCH. THIS IS POSTED FOR EDUCATIONAL PURPOSES ONLY, NOT ADVICE. ✌✌✌ Based on what we have seen twice this year, SoFi has retraced all the way back to the highest volume node. The pattern would suggest a "u-shaped" recovery, and then a rebound shortly after. With a recent price target set at $21, and the midpoint of the outer triangle just above $19, one cannot wonder if it will reclaim this area accordance with this trend.
NASDAQ:SOFILong
by CryptoRichCrypto
SOFI - Daily Chart - Levels of Support and Resistance NASDAQ:SOFI 2 Levels of support; solid white and dotted white lines. The dotted line is allowing lower lows The solid line is allowing higher lows Look for the upper/solid support line to be respected in order to continue setting higher lows and continue an overall bullish uptrend If the lower/dotted line is broken with confirmation, the bears will have control. _______________________________________________________ 2 Levels of resistance; solid yellow and dotted yellow lines. The solid line is a much stronger resistance The dotted line could be flipping to support if buying pressure can overtake the sellers in the selling pressure zone. Look for the upper/solid support line to be broken in order to start a new upward resistance trend in order to set higher highs. 5 daily candles have used this line as support, 6 have used is a resistance. Note the large gap in price around earnings in August. This in my opinion was a market overreaction in which the lower support was respected perfectly. Refer to 2nd chart for EMA clouds and how they interact with these zones/levels
NASDAQ:SOFI
by OccamsPhazer
SOFI EMA Clouds, Support, ResistanceNASDAQ:SOFI Big takeaway: EMA cloud flips in accumulation zone/selling pressure zone. Look at the blue circles, these would have been excellent entry point for a long position. 2 Levels of support; solid white and dotted white lines. The dotted line is allowing lower lows The solid line is allowing higher lows Look for the upper/solid support line to be respected in order to continue setting higher lows and continue an overall bullish uptrend If the lower/dotted line is broken with confirmation, the bears will have control. _______________________________________________________ 2 Levels of resistance; solid yellow and dotted yellow lines. The solid line is a much stronger resistance The dotted line could be flipping to support if buying pressure can overtake the sellers in the selling pressure zone. Look for the upper/solid support line to be broken in order to start a new upward resistance trend in order to set higher highs. 5 daily candles have used this line as support, 6 have used is a resistance. Note the large gap in price around earnings in August. This in my opinion was a market overreaction in which the lower support was respected perfectly.
NASDAQ:SOFILong
by OccamsPhazer
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75 It seems Sofi Technologies has be gaining as a platform, and members seem to be growing. The further development of their app and platform should increase user satisfaction and create networking benefits. SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform. The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID. Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company. It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative. But overall, I think this company has an incredible future ahead. When we move to the technical side of things SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for. A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap. Keep this on your watchlist.
NASDAQ:SOFILong
by TheBlankFund
SOFI So Good?After plotting the Fib retracement using January's low as the anchor, some really interesting levels started to present themselves...mainly the 786 fib line. Each time it has broken down and tested it, SOFI bounced shortly after. Now that volume is beginning to gain ground, this could get interesting. On top of that you can see that the 618 fib line has also been a technical resistance level this year with SOFI getting rejected more times than it has managed to break and hold above it. Aside from the Social Sentiment being a factor, fintech as a whole has gotten play this year. That's not only for COVID helping advance "social distancing" stocks but also the fact that people just don't want to be bothered by going to a bank if they can do things virtually. "In the second quarter of this year, the U.S. GDP shot up by around 6.5%, indicating that expansion is well underway following the onset of the pandemic. Right now we have to consider the effects of the Delta variant on a reopening economy. In line with this, investors should understand what this means for stocks across the board. With the tech industry, investors remain bullish on the potential impact of the pandemic. As we saw early on in the course of Covid, many tech stocks were able to benefit greatly. The increased need for new tech products and better work-from-home/educate-from-home offerings created a highly bullish environment for the tech industry." Quote Source & Read More: 3 Tech Penny Stocks To Watch In August 2021
NASDAQ:SOFI
by PennyStocks101