SoFi Technologies (SOFI) Found Buyers To Extend Above $18

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.

In last article, SOFI favored downside in C towards blue box area. It ended C as (4) correction at $13.75 low in blue box area & resumed rally towards $18 - $19.32 area to finish ((1)) or at least 3 swing bounce.

SOFI - Elliott Wave Latest Daily View: 

It made all time low at $4.24 in December-2022 & then resume higher. It is showing higher high sequence since December-2022 low in daily. It placed I as impulse at $11.70 high in July-2023 started from August-2022 low as diagonal. It ended corrective pullback in II as zigzag correction at $6.01 low in August-2024 low. Within II, it placed ((A)) at $6.41 low, ((B)) at $10.49 high & ((C)) at $6.01 low in zigzag structure. Above $6.01 low, it resumes rally in ((1)) of III & expect one more push higher to finish it.

SOFI - Elliott Wave View From 12.30.2024: 

Within ((1)), it placed (1) at $8.30 high, (2) at $6.75 low, (3) at $17.19 high & (4) at $13.75 low. Within extended (3) sequence, it ended 1 at $8.53 high, 2 at $7.57 low, 3 at $16.61 high, 4 at $14.85 low & 5 at $17.19 high. While, within (4) zigzag, it placed A at $14.58 low, B at $16.68 high & C at $13.75 low in blue box area as discussed in last article. Currently, it favors upside in 1 of (5) & soon can pullback in 2, which should remain above $13.75 low to extend higher. It expects (5) to extend towards $18.00 - $19.32 area to finish ((1)) impulse started from August-2024 low. Any buyers from blue box area already having risk free position with stop below last low.

Source: https://elliottwave-forecast.c...