Confirm you want to long Affirm ?Read more here
I am keen on this company especially the business model of buy now , pay later. In essence, it is giving the retailers a chance to enjoy the use of the products before full payment. This will unconsciously allow the retailers to think they can afford it and thus ends up buying more stuff.
In Singapore, this is a common practice especially for home appliances items like washing machines, refrigerator, TVs, etc. You spent like 5000 SGD and they allow you 36 months to pay by instalments without interest. So, it is a win win for all.
AFRM trade ideas
$AFRM is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
Affirm is a company offers a “Buy Now, Pay Later” service as an alternative to traditional credit cards.
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $93,00;
stop-loss — $88,00;
take-profit — $108,00.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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