SoFi Technologies (SOFI) Should Continue Short-term Rally

Elliottwave_Forecast
10-22

SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It is based in San Francisco, CA, comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.

SOFI ended larger weekly correction at $4.24 low in December-2022 & resume higher. It favors upside in ((1)) of III & confirms bullish sequence, when it breaks above July-2023 high.

SOFI – Elliott Wave Latest Daily View: 

SOFI – Elliott Wave Latest Daily View: 

Since inception, it made all time high of $28.26 in February-2021 & all time low at $4.24 in December-2022. Later, it reacted higher as impulse sequence in I, ended at $11.70 high. So, it expects one more push higher against December-2022 low to be 3 swing bounce. It placed ((1)) of I at $8.24 high, ((2)) at 4.45 low, ((3)) at $10.23 high, ((4)) at $7.71 low & ((5)) as I ended at $11.70 high. Below there, it ended II as zigzag correction at $6.01 low. In II, it placed ((A)) at $6.41 low, ((B)) at $10.49 high, ((C)) at $6.01 low in August-2024 low as II.

Above II low, it starts reacting higher in ((1)) of III. It placed (1) at $8.30 high, (2) at $6.75 low & favors upside in (3). Within (3), it placed 1 at $8.53 high, 2 at $7.57 low, 3 at $10.49 high & 4 at $9.62 low. Currently, it favors upside in 5 towards $10.45 – $11.41 area to finish (3) of ((1)) before correcting in (4). Later, it expects another push higher in (5) to finish ((1)) as 9 swings sequence. Further upside in III will confirm above $11.70 high & can extend towards $13.45 – 18.06 area. In that case, we like to buy the next pullback in 3, 7 or 11 swings at extreme areas.

Elliottwave Forecast updates 1-hour charts four times a day & 4-hour charts once a day for all our 78 instruments. We do a daily live session, where we guide our clients on the right side of the market. In addition, we have a chat room where our moderators will help you with any questions you have about what is happening in the market at the moment. You can try us for 14 days for only $9.99.

Source:https://elliottwave-forecast.com/stock-market/sofi-technologies-sofi-continue-shortterm-rally/

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.

Comments

We need your insight to fill this gap
Leave a comment