SoFi is exhibiting a possible double bottom pattern near support, with a breakout above $22 required for confirmation and potential rally to $30.
Source Post
Technical Analysis of Stocks: SPY / QQQ / NVDA / TSLA / AMD / PLTR / HOOD / SOFI
The creator analyzes the current market sentiment, noting that while indices like SPY and QQQ are technically bearish, there are signs of potential stabilization and bottoming. Several individual stocks, including Nvidia, Tesla, AMD, Palantir, Robinhood, and SoFi, are discussed with a focus on technical patterns and potential trading opportunities, though many are currently in a 'no man's land' awaiting clearer signals or facing upcoming events like earnings.
Linked Mentions
Tickers discussed in this post
Robinhood, similar to Palantir, shows a potential double bottom pattern, needing a breakout above $88.60 to confirm a rally, while the weekly chart remains bearish.
Palantir is showing a possible double bottom pattern above a support level, with a breakout above $145 needed for confirmation and a potential rally.
Tesla shows a hammer candle pattern suggesting a potential bottom, but confirmation above its high is needed, and its position relative to support is less ideal.
Nvidia is technically attractive and reacting well above support, but is being held on the sidelines due to an upcoming earnings report.
Linked Signals