Stock Analysis – SoFi Technologies Inc. (NASDAQ: SOFI)
SoFi Technologies (SOFI) is showing a classic Wyckoff shakeout pattern, signaling that a strong upside move could be imminent. The stock has successfully defended its 200-day moving average, a major technical level, and is now displaying signs of renewed strength.
After flushing out weak holders during the recent shakeout, SOFI rebounded quickly – a textbook "spring" move in Wyckoff terms. This sharp recovery, accompanied by a rise in buying volume, suggests that smart money may be accumulating shares in anticipation of a breakout.
With current price action stabilizing above the 200-day MA and momentum starting to build, SOFI appears ready to break out of its consolidation zone. A decisive move above nearby resistance could trigger a strong rally, potentially catching many off guard.
Why SOFI Could Be Ready to Surge:
Clear Wyckoff shakeout + spring formation
200-day MA providing reliable support
Volume picking up on green days – accumulation signal
Breakout above resistance could ignite a sharp bullish move
Technical traders and investors watching the Wyckoff method will recognize the pattern unfolding: SOFI looks ready for a powerful upward move, and early positioning could offer a favorable risk-reward setup.
SoFi Technologies (SOFI) is showing a classic Wyckoff shakeout pattern, signaling that a strong upside move could be imminent. The stock has successfully defended its 200-day moving average, a major technical level, and is now displaying signs of renewed strength.
After flushing out weak holders during the recent shakeout, SOFI rebounded quickly – a textbook "spring" move in Wyckoff terms. This sharp recovery, accompanied by a rise in buying volume, suggests that smart money may be accumulating shares in anticipation of a breakout.
With current price action stabilizing above the 200-day MA and momentum starting to build, SOFI appears ready to break out of its consolidation zone. A decisive move above nearby resistance could trigger a strong rally, potentially catching many off guard.
Why SOFI Could Be Ready to Surge:
Clear Wyckoff shakeout + spring formation
200-day MA providing reliable support
Volume picking up on green days – accumulation signal
Breakout above resistance could ignite a sharp bullish move
Technical traders and investors watching the Wyckoff method will recognize the pattern unfolding: SOFI looks ready for a powerful upward move, and early positioning could offer a favorable risk-reward setup.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。