I'm trading $AFRM to $45-$47 regionAnalysis as shown in chart. Looking for a trade up to this price level. Inverse fibonacci pattern at play once again.
*Opinions are my own. Not trading advice.
AFRM trade ideas
$AFRM5 up complete with divergence wave 5 equals wave 1 ...only problem put options cost an arm and a leg ! target 108
AFRM - LongAffirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.
Illustrated is technical analysis. Comment your idea below.
AFRM - Rising Wedge RetestSimple technical analysis - Possible backrest of a rising wedge on the 1 HR chart. I will be watching for more downside.
AFRMSeeing some daily supply around $30. Ideally would like to get short on another false breakout of the black trendline that gets over $30 but stays below $32.
will we see continuation now? hmmAFRM with a lovely breakout from trend resistance and a huge increase in buy volume, RSI is in extreme overbought range as well so be extra careful today!
potential targets in the next few days/weeks are 27.83-32.55
AFFIRM HOLDINGS, INC - BULLISH SCENARIOAffirm Shares Surge on Q3 Beat.
Affirm Holdings Inc shares surged 29% after-hours following the company’s Q3 results, with EPS of -$0.19 coming in better than the consensus estimate of -$0.53.
Revenue grew to $354.8 million, compared to the consensus of $344.03 million
In addition, the company announced an extender partnership with Shopify.
We have 3 major resistance levels ahead
1st resistance is located at $ 50
2nd at $ 68
3rd at $ 84.
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$AFRM — ShortBig 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" A New Direction This WeekWill 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 Expected- Break from range through the upper channel
*Identified risks-
-It will be very important to watch price action because the stock is currently trading below the 200, 50, 21 and 9 moving averages. Hence, the reason why I will be making a safe entry once the stock moves above the upper trendline or 9 MA.
-AFRM is ranging and I wonder if it will continue to do the downside as a continuation from the inverted cup and handle pattern or make a shift to the upside
-AFRM has earnings on May 12, 2022.
I look forward to watching what happens with AFRM over the next few days.
Affirm future.Affirms future seems bright when balance sheets start to look better and profitable starts to increase as customer acquisition starts to snowball.
Market Cycle's often happen and the most patient traders with plans succeed.
Get readythis has to go up . Dont care about what i write here but get in befor eits too late.
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AFRM: 05/20 55cAFRM 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
Swing ideaBroken our of falling wedge and testimg the line for support.
Price just below 50 sma and will need to break to be bullish.
Still on low volume i would wait for confirmation.
Pt are 54,69,75.
Use stop loss ~39-41
DYOR.
Affirm We did pull back heavily but to me it’s a backtest and ready to pull back up. Could finally be reversing
AFRM might have a very strong rally 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 **
Affirm Pretty extende Howver I took a trade at 43.17. Stop below 43.15 moving to breakeven now. We broke key resiatnce which means we could rally hard. Although a bit extended on 1 hour watching 43.50 support to hold and 44.60 as next resistance. If we break that we have a clear rip to previous support in the 60s
AFRM has probably made major bottomAFRM is forming a final ending diagonal and we can expect the downtrend to end in the $26 range. Once the price breaks above the top of the diagonal, we can expect a new uptrend to begin.
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AFRM - Rolling over againLosing 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.
