@JamesBridgeforth1

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Analysis

17
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4
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SOFI
Long Entry 26.4600 2026-01-15 18:11 UTC
Target 33.0000 Fail 19.0000
Risk/Reward 1 : 1
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SOFI
Stocks
Technical
1H
Analysis Predict Bull Market
The analysis focuses on two stocks, SoFi Technologies (SOFI) and Lyft (LYFT), positioning them as strong investment opportunities for long-term holders. For SOFI, currently priced at $26.95, technical indicators reveal an 88% gain over the last year, with its price previously oscillating around $12. A bullish pennant flag pattern is identified, suggesting an upward price trajectory. Key resistance levels are noted at $28, $30, and $32, with an all-time high of $32.84 serving as a significant target. The 20-day moving average is identified as a support level. A potential downside is outlined, where a break below the 20-day EMA could lead to the 50EMA ($20.13), which is considered a strategic accumulation point, with further downside to the 100EMA ($17.76) or 200EMA in a recessionary scenario. For LYFT, currently at $19.24, an impressive 45% annual gain underscores its momentum. Fundamental analysis highlights Lyft's innovative move into automated taxis, including a strategic partnership with Waymo (Google) for service deployment in Nashville by 2026, which is expected to boost market share. Financial performance in Q3 2025 demonstrated strong growth, with gross bookings at $4.8 billion (up 16% YoY) and revenue at $1.7 billion (up 11% YoY), leading to a net income of $46.1 million compared to $12.4 million in Q3 2024. Technically, LYFT is observed to be trading around its 100-day and 200-day moving averages, which are considered strong support levels. A resistance level at $23 is critical; a breach is anticipated to propel the stock towards a $30 target, driven by the principle that historical price gaps tend to fill. Both stocks are recommended for long-term accumulation, with strategic entry points identified based on current support levels.
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