@ICMakesTrades
YouTube
Avg. Quality
74
Success Rate
40.22
Analysis
92
Correct
37
Fail
40
Pending
15
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
SOFI
Long Entry
27.8153
2025-11-16
22:41 UTC
Target
30.0000
Fail
25.0000
Risk/Reward
1 : 1
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The video provides a technical analysis of SOFI stock, focusing on key support and resistance levels. Currently at $27.82, SOFI faces selling pressure but holds above a support zone. The analysis identifies $30 as a crucial resistance level and infers a bullish outlook, highlighting a potential bounce towards this target. A break below $25 would negate the analysis. It examines the stock's weekly chart, noting a breakout from a multi-year cup and handle pattern, suggesting long-term strength. Recent indecision near $30 is noted. A bounce at $26.31 is expected. The possibility of a double bottom formation is mentioned, reinforcing potential support. The analysis also addresses alternative, bearish scenarios, presenting support levels down to $20.73. A recovery is seen, potentially reaching new all-time highs if bullish. This recovery from recent trading days can bring back the 30 dollar retest.