AFRM consolidating for drop
AFRM has been stuck in a range at the bottom of its recent drop, consolidating.
I predict a break below the bottom of the channel (possibly after another retest of the channel top), retesting the recent low of 10.70 during an impulsive selloff Thursday.
Poor fundamentals (negative earnings, rising cost of financing, dropping consumer spending) provide a tailwind for this trade.
I predict a break below the bottom of the channel (possibly after another retest of the channel top), retesting the recent low of 10.70 during an impulsive selloff Thursday.
Poor fundamentals (negative earnings, rising cost of financing, dropping consumer spending) provide a tailwind for this trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.