Afrm idea we will see a bullish movement on afrm stock in the next few weeks due to its great revenue reported
AFRM trade ideas
Fundamental and Techincal support the moveI really like this opportunity, so I'm making a big move first thing Monday morning. The earnings are strong, and the stock has broken out of the accumulation phase with a big candle and high volume. I see potential for a continuation up to $150, but let's see how it plays out.
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t sold AFRM before the previous earnings:
Now analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2025-4-17,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Dragon pattern longHidden bullish divergence off support with a dragon pattern structure. Cut & dry with great R:R.
AFRM - channel breakout on dailyAFRM - Stock seeing channel breakout on daily as it approaches earnings to report next week. looking for breakout to continue as long as $62 holds. Calls above $62 for a move towards $70 and higher. Stock is strong on indicators
Target 58.4Following weekly chart
Got a short signal in my power indicator. Also there is a clear cup & handle formation which not break out yet.
TP 58.40 - Which intersect with fibonacci level and next support
SL 64.8 - Stop above candle close.
$AFRM - Watching to take a positionNASDAQ:AFRM hits the first target and has since pulled back. I am looking to re-enter around $50 to $48 area. 👀
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
Support found?Look like there might be support here. Look for bounce on higher volume. Watch out for trap on higher price but low volume.
AFRM Cup-With-Handle Pattern on Weekly ChartThe weekly chart of AFRM highlights a cup-with-handle pattern that began at the all-time high on November 2021. The chart also has volume characteristics typical of a cup-with-handle, pulling back on the left side of the handle and increasing on the right.
$AFRM - channel breakout and retest confirmed. $70 plus incomingAFRM Stock breaking out as expected. post chart multiple times of channel breakout. Stock has next resistance $72. Stock is strong on indicators. looking for add calls above $63
Bullish Penant Breakout possibilities 62-65A bullish pennant has formed after a strong upward move (flagpole), indicating a period of consolidation. This is a continuation pattern, typically followed by another leg upward equal to the flagpole's height. The breakout is likely to happen this week, given that the pennant is near its apex. RSI and other momentum indicators show strength but are not yet overbought, giving room for further upside.
Breakout Confirmation: Enter a long position when the price closes above $56.50 on high volume (breakout level). Alternatively, aggressive traders can scale into a position slightly before the breakout if momentum indicators show bullish strength.
Profit Target Calculation:
Flagpole Height: $50.50 (low of the previous move) to $56.50 (high) = $6.00.
Breakout Target: Add the flagpole height ($6.00) to the breakout level ($56.50):
Primary Target: $62.50
If momentum remains strong, extend to $65.00 as a stretch target.
Stop-Loss Placement:
Place a stop-loss slightly below the pennant's lower support level at $54.50, allowing for minor fluctuations.
Risk-Reward Ratio: Aim for a 1:3 or higher ratio by maintaining a tight stop relative to your profit target.
The breakout is expected within the next few trading sessions as the price action nears the pennant's apex.
Volume should confirm the breakout (look for 2x average daily volume).
Trade Management:
Partial Take-Profit:
Sell 50% of the position at $60.00 to lock in profits.
Adjust stop-loss to breakeven on the remaining position.
Trail Stop:
Use a trailing stop-loss as the price approaches $62.50–$65.00 to maximize gains while protecting profits.
If the price breaks below $54.50, it invalidates the pennant pattern and may indicate a reversal.
I have taken an aggressive position targeting NASDAQ:AFRM 11/29/24 65C @.77 contracts.
I will update as I close the position profit or loss.
Breakout leap for AFRM?🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
AFRM Breaks Out: Tracking an 83% Upside to $95Affirm Holdings, Inc. ( NASDAQ:AFRM ) is showing some serious upside potential as it targets a classic Cup & Handle breakout. With a current price hovering around $55, the setup suggests a potential 83% move up towards the $95 target, as marked by the white arrow.
Key Levels & Technicals:
Primary Support: Solid support zone sits at $51.49, offering a sturdy base for any pullbacks.
Trend Line: The trend line, acting as a rising support, signals strong buying pressure pushing this stock upwards.
Volume Profile: Increased volume around this breakout zone adds credibility to the bullish setup.
Indicators: Momentum indicators remain in the buyer's favor, reflecting sustained interest in this uptrend.
The bullish momentum is strong here, and as long as it respects the trend line, we could see a clear path toward the $95 target. This is one to keep on your watchlist—if the momentum holds, AFRM could hit that target sooner rather than later.
AFRM eyes on $46 then $52: Reject or Break to run MUCH higherAFRM currently at a key decision point.
Rejection here would imply "top is in".
Break should pop to next resistance.
$ 46.08 is the current fib barrier of interest.
$ 52.39 - 52.80 is the proven resistance above.
$ 39.19 - 39.76 is the first good support below.
Above the red are only scattered clouds for some distance.
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AFRM UPDATE LONGAVG DOWN HERE, bounce off support, waiting for Powell to speak, should start getting flow through the market.
$AFRM - channel breakout and looking for $70AFRM - Stock breaking out of trendline channel on daily time frame. next resistance at $60 and $70. added calls for swing in group. good to add calls above $60 .Stock is strong on indicators.
$AFRM - Breaking out!NASDAQ:AFRM is breakout from the cup and handle base. I would be interested in taking a position on a neckline check back.
The targets are in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
New Setup: AFRMAFRM: I have a green setup signal(dot Indictor). I'm looking to enter long near the close of the day if the stock can manage to CLOSE above the last candle highs(white line). If triggered, I will then place a stop-loss below(SL) and a price target above it(TP1-50%,move SL to breakeven). Using the 10SMA as a trailing stop loss.
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Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level.
AFRM LONGIf Trump’s policies come back into play, it could be a big win for Affirm . Think lower corporate taxes, less red tape for businesses, lower interest rates, all of which would give Affirm a boost. With more people likely to borrow at lower rates and spend more, Affirm could see more transactions on its platform, driving growth. Plus, less regulation means Affirm can expand faster and focus on what it does best. If the economy heats up and consumer spending picks up, AFRM could definitely benefit.
After Break 132 Target. ATH achievable.
$AFRM - trendline bounce- looking for $53AFRM - Stock bouncing off trendline support and breaking downtrend channel on the daily time frame. last few visits to the trendline support have resulted in higher highs and top of the trendline resistance. with earnings coming up next week, looking for pre earnings run up. Stock is strong on indicator looking for calls as long as $45 holds for a move to $53
