SoFi Technologies (SOFI) favors rally into $26.21 – $28.01 area before pullback
|SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America, Canada & Hong Kong. It operates through three segments; Lending, Technology Platform & Financial services. It comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq.
SOFI favors rally in 5 of (1) from April-2025 low as explained in previous article, which confirms above $25.11 high. It should rally targeting into $26.21 – $28.01 area against 7.30.2025 low before correcting next. We like to buy the next pullback in (2) in 3, 7 or 11 swings later against April low.
SOFI – Elliott Wave latest daily view
It made all time low of $4.24 in December-2022. Above there, it favors rally in (1) of ((3)) of III from 4.07.2025 low in proposed nesting. It placed I at $11.70 high in diagonal sequence in July-2023 & II as zigzag correction at $6.01 low in August-2024. It was corrected 0.764 in Fibonacci retracement in II before rally in ((1)) of III. It ended ((1)) at $18.42 high in January-2025 & ((2)) at $8.60 low in April-2025. Within ((1)), it placed (1) at $8.30 high, (2) at $6.75 low, (3) at $17.19 high as extended wave, (4) at $13.60 low & finally (5) at $18.42 high as ((1)). Wave ((2)) was corrected in 11 swings.
SOFI – Elliott Wave view from 7.21.2025
Above ((2)) low, it already confirmed higher high sequence indicates the bullish bias against April-2025 low. It favors rally in (1) of ((3)) & expect one push higher above 7.30.2025 low. Within (1), it placed 1 at $14.78 high, 2 at $12.74 low, 3 at $25.11 high, 4 at $20.43 low & favors rally in 5 of (1). Currently, it favors upside in ((i)) of 5 & expect a break above $24.50 high to finish it before correcting in ((ii)). As long as it holds above $20.43 low, it should rally into $26.21 – $28.01 area to finish (1) either as impulse or diagonal sequence. We like to buy the next pullback in 3, 7 or 11 swings in (2) against April-2025 low. If it breaks above $28.01 high & erase the momentum divergence, then it can see even more upside. So, we don’t recommend selling it in any pullback.
SOFI – Elliott Wave latest weekly view
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