Affirm Holding : CMP 146Stock Trading near previous All time high...if stock breaks 151 on closing then Can create long position and hold it till hit A Stoploss of 127...
If stock Not able to Cross previous high then will expected to start correction on hourly Chart and prices expected to come down to near 120
AFRM trade ideas
My Trading Mantra: "Follow the Money "I believe one of the best indicators to watch is Volume Price..!
You should try to invest where money flows in..!
In trading and investing your mantra should always be: Follow the money..!
I believe stock prices only go up when there are fresh players who bring money to the play, regardless of the quality of the underlying asset!
One of the most important duties you have as a trader or investor is to monitor the money flow in the market to find out emerging opportunities!
I have picked 3 Stocks with a +100% gain since August, let's review them
My best-performing picks since August:
-1 UPST: +150% gain since August 2nd when I published my analysis at 131.65
2- AFRM: +125% gain since August 2nd when I published my analysis at 64.71
3- DATS: +100% gain since October 6 when I published analysis at 8.16
For complementary information, you can watch my youtube video about volume and Volume Price:
youtu.be
$AFRM - requestThis will be the last one I do today:
AFRM - looks like it is in a primary wave 5, and in the first impulse of the primary wave 5. We should be reaching a peak of intermediate wave 1 very soon of this primary 5. That wave 2 down will be a BTD (invalidation is 105 area - wave 4 bottom). Would be smart to wait to get in until after there is a clear 3 swing down. (if not already in). If in I would use a stop loss at this point
If we extend into 5 we could be seeing AFRM get up to around 200 a share before the primary wave 5 peaks
NOTE: AFRM has a tendency to go vertical and is very volatile - more volatility less accurate Elliot waves tend to be (mainly because they are hard to properly count until the moves are complete). Be mindful of that
9/26/21 AFRMAffirm Holdings, Inc. (AFRM)
Sector: Technology Services (Internet Software/Services)
Current Price: $123.73
Breakout price trigger: $103.00 (hold above)
Buy Zone (Top/Bottom Range): $113.00-103.00
Price Target: $138.00-140.00
Estimated Duration to Target: 59-63d
Contract of Interest: $AFRM 11/19/21 140c, $AFRM 1/21/21 150c
Trade price as of publish date: $10.95/cnt , $12.60/cnt
AFRM probably to close gapGood chance we see AFRM push towards the 223 levels to close gap, and possibly test new highs from there. In general there is strong momentum behind this name from good partnership with amazon and good earnings report.
Today, There is a chance if the general market sentiment is low for it to retest the support (shown on the arrows) and from there bounce back up later today or perhaps next week.
Good ways to build a nice trade here.
(Not trading advice, just my humble thoughts)
$AFRM offering up option playsAffirm Holdings $AFRM was up 34% on better than expected earnings and guidance.. the AFRM options market is lively with a steep volatility smile.. depending on your view there’s a number of plays here.. ATM straddle as IV’s there are well below historical volatility.. or bullish call or put spread to sell some rich OTM calls or puts.. after big earnings surprises and moves it can takes the options market a few days to figure out new volatility and therein lies the opportunity..