@ICMakesTrades
YouTube
Avg. Quality
75
Success Rate
44.09
Analysis
127
Correct
56
Fail
50
Pending
19
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
SOFI
Long Entry
29.0300
2025-12-02
06:14 UTC
Target
32.7300
Fail
27.0000
In 3 Days
Risk/Reward
1 : 2
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Final PnL
-6.99%
P/L: —
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The analysis focuses on SoFi Technologies Inc. (SOFI) and the SPDR S&P 500 ETF Trust (SPY), presenting a bullish outlook for both. For SOFI, the current price is noted at approximately $29.03. The stock has demonstrated a significant upward trend from a multi-year cup and handle pattern, recently achieving an all-time high of $32.73. Following this peak, the stock experienced a correction of over 25%, bouncing off a previous support/resistance level at $23.76, and has since rebounded towards the $30 mark. The analysis identifies $30 as a critical resistance level and anticipates the stock will surpass it, potentially retesting and exceeding the previous all-time high of $32.73 within the next couple of weeks. A key support level to monitor for SOFI is $28.60, with subsequent support at $27.73. Conversely, a sustained break below $27.00 would invalidate the immediate bullish projection towards the all-time high. For SPY, currently trading around $680.27, the market is described as being in a general upward trend, exhibiting resilience despite recent indecision and selling pressure. Resistance at $684.08 is noted, with the overall market expected to break and maintain above this level, pushing towards an inferred target of $690.00. Strong support levels for SPY are identified around $662.09 and $652.52. A drop below $670.00 for SPY would indicate a failure of the current bullish momentum and invalidate the upward trajectory.