@ICMakesTrades

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Analysis

51
Correct
13
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20
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SOFI
Long Entry 25.6200 2025-09-07 03:22 UTC
Target 28.2600 Fail 23.7600
Risk/Reward 1 : 1
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SOFI
Stocks
Technical
1H
Analysis Predict Bull Market
SOFI closed at 25.60, showing a red hammer candle. There has been back and forth between 25 and 23.76. Sellers tried to make a downward move, but there has been a fight at the 25 level. After moving up to a previous high of 26.61, there has been chop, with a floor around 24.90. Sellers pushed the price lower, floor at 23.76, high at 25.11. Buyers then made a comeback move. On a weekly timeframe, the 25 level has been a resistance level, but the price broke through. A 2.5-year-long cup and handle pattern was broken after touching the floor of 8.52, with a 200% move to the upside. A pullback is always a question, but buyers have continued to step in. SOFI announced a collaboration with Capitalize to simplify 401k transfers and secured a 2 billion dollar extension for its loan platform business agreement with Fortress Investment Group, causing volatility. The prediction is a retest of the 26 level or a pullback. A potential price target is 28.26.
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