Long

AFRM Cup-With-Handle Pattern on Weekly Chart

The 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.

Note

AFRM up 3% today. From my perspective, relative strength is a key component of stocks that have the potential to make significant moves up. The RS Line hit another new high today.

Note

AFRM is showing continued relative strength with the third RS Line at a new high over the past four days. Price action, continued higher highs and higher lows.

JohnMuchow

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