Current price takes it down 36% to price target.
Closes the gap on the weekly.
Earnings at this specific time when things like yesterday happened on the big stocks.
And Snap going 30% up after going down big in the morning.
This move fits within the currently reality of price movements.
Even if we head up some 12% on the day and it's bullish, watch for the drop...
SoFi Technologies Inc. (NASDAQ: NASDAQ:SOFI ) has impressed investors with its latest earnings report for the first quarter of 2024, marking its second consecutive quarter of GAAP profitability. The digital financial services platform reported robust figures, including a net income of $88 million and a net revenue of $645 million, representing a significant...
This is not financial advice
So uhh ya boy was playing the free money trend line on SOFI buying calls when it hits the trendline and selling when the move slowed for quick profits. Did this for the last two weeks going into earnings hoping to catch a thrust up cause SOFI tends to make large moves on or around earnings.
Then I spotted a bearish gartley forming...
Our comprehensive analysis of SoFi Technologies reveals a compelling picture based on the confluence of various technical indicators and chart patterns. The stock, currently trading at $7.87, is at a critical juncture just ahead of its earnings report due in two days, which could serve as a significant catalyst for either an uptrend continuation or a trend...
This will be the most important earnings report in Sofi history. Since becoming profitable if the company can cement another profitable quarter the market will most likely be very happy. Sofi has been stuck in this megaphone pattern since last September. We need to retest this red resistance before a topside of the megaphone to be tested. The topside profits just...
This is getting interesting. Looks like a breakdown a very bearish. But if the weekly candle closes up within the triangle that would be a bear trap. And it would be very possible that bulls try to break up the triangle. Let's see how the week closes and next week I'll have more clarity on what to do next.
TECHNICAL
The chart for SoFi Technologies indicates a sideways market with key support around $6.57 and resistance near $10.27.
The declining trend line suggests bearish momentum.
Current price action is near the lower support level, showing potential undervaluation.
Volume profile shows more trading activity at higher price levels, implying resistance...
Daily FINRA short volume is decreasing while oscillators are rising. 👀💥🚀
Note: We cannot rely on short volume alone to determine sentiment change. However, when combined with other oscillators, it can be a good predictor.
This is my analysis for SOFI . I have clearly explained the price action and why I feel the need to wait for further price action.
NOTE: WAIT FOR FURTHER PRICE ACTION
Weekly SMA20 bollinger band, plan to Long above SMA20, in up band.
Long 8
Stop 6.5
Target 15
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
plan#1
BuyToOpen Sep Call spread C10/15 (C10 Delta 0.44 )
Limit 0.96...
Triple Top Formation
Price has to feel the gap below!
I believe the price is going to reach that strong level of demand.
Expecting Price to reach $7.00 Let's see:)
NASDAQ:SOFI Sofi is facing resistance from the POC (Point of Control), but several technical indicators suggest a potential bullish trend. The MACD is about to do a bullish cross, indicating a possible upward momentum. Additionally, the RSI, Momentum, and Accumulation/Distribution indicators are turning upward.
If Sofi achieves a weekly close above $8, it could...
Officially the Bank of the NBA .. I charted an Elliott Wave pattern. We have a C wave buy set up with a close above the previous 5th wave. This could be a resistances sell off. An insider did dispose of 56k shares. I see sofi ad a long term play. There is a chance this breaks out to the upside from c leg. But first needs a close above 5th leg and 6.60 support...
Took long enough but finally SOFI is at a nice around where you can manage your risk.
This is on the daily and the oscillators are saying we are on our way for higher.
Technical Analysis Overview
Current Price : $10.34, a 3.77% increase.
Weekly Trend : Showing a positive trend with a 5.35% increase over the last five days.
1-Month Trend : A significant increase of 51.96%, indicating strong bullish sentiment.
6-Month and Yearly Trends : A 17.04% increase over the last six months and a 124.51% increase year to date,...
Sofi does banking differently and has great potential, but it is still a bank and banks are not a great investment right now. I don't see the price getting above the channel anytime soon. But that doesn't mean the stock is untradable. There are a couple of bearish scenarios at the moment.
1.Crash now: In this scenario price is on the intermediate C wave. In that...
