Big pop on their earnings report releasing early through a leak. I think we could see a sell the news situation and move lower, with the other markets, to fill the open gap in the 60s.
Will We “Affirm” ( NASDAQ:AFRM ) A New Direction This Week? I strongly believe that a new direction will be affirmed for Affirm Holdings, Inc. (AFRM) this week. I've identified several reasons why I anticipate a new direction for the stock. Bullish divergence on the daily chart. AFRM is in the buy zone. AFRM is in a range on the daily chart. Outcome...
AFRM looks like its due for a bounce. Watch for a dip to 39-40 and a sling shot to 55-62 I'm going to add 05/20 50/55c during the dip
These are 6 randomly selected growth stocks that have been hammered and just rejected off the 50 day moving average yesterday. Watch for the downside trend to continue in these stocks until they're able to at least breach the 50dma. The question is do these stocks make higher lows (if the downward trend continues) or lower lows? IMO if you are a trend...
under the conditions of the correct markets and with the fact that the markets priced-in the FED's correct trajectory and as several technical indicators are showing on the NDX and the SPX this might take place very soon.. ** this is not financial advice, just my humble opinion **
Losing 9 EMA, albeit volume is low, but that can add to the fuel to fire. unless it claims 42 or some news acts a catalyst, could test low again in coming days. Disclosure: despite my good judgment, I am stuck in this. Maybe I will cut it lose for loss if price acts weak next couple of days.
Please read related article for more details. SPY is due for another dump to 430 or further due to interest rate hikes and rising inflation among many other reasons. PUTS!!!
The earnings report was released last Thursday by Affirm Holdings. The company`s revenue rose more than 70 % year over year to $361 million beating estimates by $28 million, but its net loss widened to $0.57 per share, which missed expectations by $0.20. New sales were triggered and retest of $ 47 support level. Successful breakout will send the price back into...
Massive descending channel breakout today. The key will be tomorrow. If we trade higher than today, there is a change we start moving higher. CPI data tomorrow, so that can be a catalyst.
Classic inverse H&S breakout on volume. Continuation to 78 likely for ER.
Broke downtrend and rallied hard on news from the lows and got pulled back from the supply, just to come right back today. Constructive volume suggests bullish continuation is likely. Anything above 51, should be good spot to go long. As a side note, AFRM in my opinion is pulling in new partners in retail at incredible pace. Even if their bottomline numbers...
Price action over next couple of days would decide if this is another bearflag or reversal. Trend favors bears...double bottom at 48 would put this in an interesting spot. If it stays above 56, bull case becomes strong. I am bullish on this long term, but need to base before I can jump in.
AFRM is another name that is in a basing faze as it tries to find its footing in this new world of interest rate hikes and yields rising. Not a huge fan of their fundamentals, but may take a stab around the $50 mark if we get around that area for a swing back to $71. Possible it gets to $90 by august, $110 tops.
Keeping an eye on this one. This might surprise us again and go back to its ATH, if the market settles down and bounces back. What're your thoughts?
Buying into this at $64 is going to be a great trade. Sell zone in purple for a hopeful double in price over the next few months. Option prices are a little high so buying the actual stock isn't a bad trade.
What’s bullish: - Filled the gap - Bullish divergence - Bounced off strong resistance line transforming into support line - Bounced off strong support line since May - Earnings approaching What’s bearish: - Still under 50ema - Overall sentiment for Fintech is bearish at the moment Me: Hello started with stocks 1 year ago. After analyzing many charts I have...
Can see afrm possbily getting a push towards 88 R above 84 , 88 follows . 95 - 104 resistance lvls follow above, likely these are just dead cat bounces and this will continue to fall.
On August 2, 2021, I published my first analysis about NASDAQ:AFRM when it was 64.71: Now it is on the WSB's list (rank 9 in today top mentioned) I believe this business model "Buy now Pay Later" could be expanding very fast in the future. A successful Australian Model "Afterpay" shows huge potential in this field. Affirm could reach a new all-time high...