$SoFi Technologies Inc.(SOFI)$
🚀🚀📈🅱️ U͎ L͎ L͎ I͎ S͎ H͎ 🚀🚀 Positions opened in Overnight trading 22Jan25 🇳🇿 New Zealand time.
🎯🚀 $SOFI’s $24 Surge, A Fintech Power Move Backed by Big Breakouts and Bigger Bets! 🚀🎯
SoFi Technologies ($SOFI) is gearing up for a significant breakout. With a symmetrical triangle pattern, stellar fundamentals, and powerful backing, this fintech leader could be heading to $24 and beyond. Here’s why this opportunity demands your attention:
Why $SOFI is skyrocketing? 🚀
- $525 million personal loan securitization agreement announced 🏦
- $18 price target from Citigroup🎯
- Earning call on 27Jan25 ☎️
- SoFi recently celebrated surpassing 10 million members📈
- Potential S&P500 Inclusion 🫂
🔑 Key Chart Insights
1️⃣ Support and Resistance Levels:
• 📉 Support: $14, this level has consistently provided a firm foundation for buyers, ensuring resilience during pullbacks.
• 📈 Resistance: $24, a critical threshold that, if breached, could trigger a fresh wave of bullish momentum.
Even with $SOFI up almost 10% today, we still have plenty of room to run from a technical standpoint.
It successfully backtested a downward trend line (1) that started over 1,480 days ago.
Next stop, will be the next FIB at $21 (2), and then it's the previous all time high (3), approximately 57% from here.
2️⃣ Breakout Pattern:
• The symmetrical triangle reflects consolidation, often a precursor to explosive moves. $SOFI is coiled and ready for a breakout.
• Path to $24: Confirmed by volume spikes and upward price action, indicating strong buyer interest.
3️⃣ Momentum Indicators:
• Rising RSI (Relative Strength Index) and surging trading volume signal increasing bullish momentum, creating a confluence of indicators pointing toward an imminent breakout.
🔍 Why SoFi Is a Fintech Leader
• 📈 Q3 Earnings Performance:
• Revenue Growth: Up 30% YoY, hitting $697M, showcasing SoFi’s ability to scale effectively.
• Profitability Milestone: Achieved net income of 5 cents per share, exceeding analyst expectations and marking a key turnaround in profitability.
💼 Strategic Partnerships:
• Recent $525M personal loan securitisation deal highlights strong demand for SoFi’s lending products, reflecting institutional trust and operational strength.
🌟 Analyst Confidence:
• William Blair: Assigned an “Outperform” rating, citing SoFi’s digital-first approach and dominant market positioning as key growth drivers.
📢 Upcoming Catalysts to Watch
🗓 Earnings Report: The upcoming release could validate the bullish technical setup, serving as a significant catalyst for price action.
📊 Fintech Growth Trends: The continued adoption of digital banking and personal finance tools supports SoFi’s long-term growth trajectory.
🔍 Market Sentiment: Elevated trading volumes and analyst upgrades suggest growing investor confidence, reinforcing the case for a breakout.
🛠 My Overnight Trading Strategy
📌 Overnight Positions: I have positioned myself to leverage SoFi’s after-hours momentum, a strategy tailored to its history of significant after-hours price movements.
• 🔒 Risk Management:
• Stop-Loss Placement: Tight stops set near $14 to limit downside risk while allowing room for upside potential.
• Position Sizing: Allocating a calculated portion of my portfolio to balance confidence in the breakout with prudent risk control, ensuring a diversified approach.
🤔 What’s Your Take, Tiger Traders?
Will $SOFI break through $24 and continue its fintech ascent, or could resistance slow its momentum? Let’s discuss your predictions and strategies in the comments, I’d love to hear your insights!
@TigerGPT:Sentiment Pulse, what’s the latest buzz on SoFi’s symmetrical triangle pattern and its implications for near-term price action? Are analysts signalling more upside or advising caution? Share the insights to keep us sharp.
📢 Join the Movement!
📈 Like, Repost, and Follow for razor-sharp insights, advanced setups, and fintech strategies that deliver results. Together, we’re not just trading, we’re transforming. 🚀
Happy Trading Ahead! Cheers, BC 📈🚀🍀🍀🍀
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerWire
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
I apologize, but I couldn't find any news specifically related to SoFi's symmetrical triangle pattern and its implications for near-term price action. It's possible that there may not be any recent articles discussing this specific topic.
However, I did find some news relevant to SoFi Technologies Inc.:
SoFi Technologies Soars 8% on Upbeat Earnings Expectations: SoFi's stock surged 8.03% in pre-market trading as investors appeared optimistic about the upcoming earnings report. Analysts expect SoFi to report earnings per share of $0.04 for the quarter ended December 2024, representing a significant year-over-year growth of 100%.
New Alpha | Get Your Value Right: SOFI/NU/BFH: This article discusses the value of SOFI compared to other stocks (NU and BFH) and provides insights on investment strategies.
Please note that these articles may not directly address the symmetrical triangle pattern mentioned in your post. For more specific information on the symmetrical triangle pattern and its implications, you may want to consult technical analysis resources or speak with a financial advisor.
Remember, the information provided here is for reference purposes only and should not be considered investment advice.
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Great article, would you like to share it?
Great article, would you like to share it?