AFRM
AFRM - Battle of flagsBroke downtrend and rallied hard on news from the lows and got pulled back from the supply, just to come right back today. Constructive volume suggests bullish continuation is likely.
Anything above 51, should be good spot to go long.
As a side note, AFRM in my opinion is pulling in new partners in retail at incredible pace. Even if their bottomline numbers are below target, I expect them to blow away with new clients.
AFRM - Looking like another bearflagPrice action over next couple of days would decide if this is another bearflag or reversal.
Trend favors bears...double bottom at 48 would put this in an interesting spot.
If it stays above 56, bull case becomes strong.
I am bullish on this long term, but need to base before I can jump in.
AFRM: Time to Buy? AFRM is another name that is in a basing faze as it tries to find its footing in this new world of interest rate hikes and yields rising.
Not a huge fan of their fundamentals, but may take a stab around the $50 mark if we get around that area for a swing back to $71. Possible it gets to $90 by august, $110 tops.
$AFRM Bounce back or Big fall to 20s?Keeping an eye on this one.
This might surprise us again and go back to its ATH, if the market settles down and bounces back.
What're your thoughts?
Peleton dragged Afrm down for great trade!Buying into this at $64 is going to be a great trade. Sell zone in purple for a hopeful double in price over the next few months. Option prices are a little high so buying the actual stock isn't a bad trade.
AFRM possible reversalWhat’s bullish:
- Filled the gap
- Bullish divergence
- Bounced off strong resistance line transforming into support line
- Bounced off strong support line since May
- Earnings approaching
What’s bearish:
- Still under 50ema
- Overall sentiment for Fintech is bearish at the moment
Me:
Hello started with stocks 1 year ago. After analyzing many charts I have accumulate more experience than a newb now I’m a newb+. Feel free to give me feedback
Affirm ~ AFRMCan see afrm possbily getting a push towards 88 R
above 84 , 88 follows . 95 - 104 resistance lvls follow above, likely these are just dead cat bounces and this will continue to fall.
Target level for AffirmOn August 2, 2021, I published my first analysis about NASDAQ:AFRM when it was 64.71:
Now it is on the WSB's list (rank 9 in today top mentioned)
I believe this business model "Buy now Pay Later" could be expanding very fast in the future.
A successful Australian Model "Afterpay" shows huge potential in this field.
Affirm could reach a new all-time high and surpass the previous one..!
and the gap in the chart may not fill in the near future..!
AFRM: Time to Buy? Watching $75 and $82 area to see if these are potential buy areas for AFRM moving forward.
$AFRM Long Idea$AFRM appears to have bottomed and looks good for long entry.
Notes in chart, but the technicals look good with bullish option flow to support the thesis.
Whale bought 5/20/2022 110C for $4.8M in premium
Stop loss at $92 with first PT $116 , a break above implies $135
AFRM: Gann Fans, AFRM is currently Trading below its 50/20 MA and its 12/26 EMA
the 12 EMA just crossed under the 26
Note the gap fill attempt
Using the Gann, it looks like support can be assumed along the 3/1 upangle and the 2/1 upangle to act as resistance if AFRM is to turn around
By using the 3/1 upangle AFRM may attempt that turnaround.
Assume the 3/1 downangle as resistance for the next 4-6 weeks as well unless broken by the 3/1 upangle
In my opinion, AFRM is finding a bottom soon
If AFRM decides to fill the gap in the next few weeks, I would look to the 8/1 to be support and this would indicate more bearish price action. ( Lower Lows would be set).
Neutral now, will update as time progresses on this one.
I would suggest keeping an eye on the options chain as well, big rolling down of calls and some big BTO purchases came in today as well.
Ticker Side Stirke C/P Date Spread Spot Size Prem OI Volume
AFRM BUY 95 call 2022-02-18 $7.15 - $7.40 $7.65 15,200 $11.6M 381 16.1K Floor
AFRM BUY 105 call 2022-05-20 $7.60 - $8.20 $8.25 13,950 $11.5M 642 15K Floor
$AFRM is looking strong hereAFRM is a strong support position in the high 90s to 100s, with the recent probes into the BNPL sector considered old news, I see AFRM with some tailwinds and going upwards.
AFRMPushing off from a weekly support and forming an ascending triangle on hourly. Expected a move to the upside.
$AFRM #AFRM pattern break out STOP LOSS BELOW 100
TARGET 125
RR: 5:1
After hitting a high of 180 in November, AFRM has reclaimed the psychological level of 100
interested to see how this one plays out
$FB $AFRM $SE $NVDA I OptionsSwing WatchlistFB 4H I FB made a double bottom near $305 and is now testing our trend. Watching for a breakout above our downtrend, we have resistance near $350.
AFRM 2H I Picked up activity on AFRM $110c for 12/31. Watching for a break of Friday's high and retest of our downtrend on the hourly time frame.
SE 2H I SE is down nearly 40% from recent highs. Expecting a breakout to the upside from our pattern. SE is consolidating between $220 and $225.
NVDA 2H I NVDA made a double bottom near $270 and is now testing our downtrend. There is bullish OS ALGO activity betting on a break out to $320 this week.
AFRM - Inside Day Break out or DownAFRM has broken down a lot since its high and is sitting at an inside day.
I will be taking weekly 90P under 92.34 and 105C over 102.39 (I generally take calls 2 weeks out)
My rule is to wait at least 15-30 minutes into the day for the market to pick a direction especially if we gap up or down i wait for a retest.
MY MINIMALIST CHART ANALYSIS AFFIRM HOLDINGS INC.$AFRM
12.17.21
1351H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
LOOKING FOR BEST ENTRY
We are now looking at a NEW ENTRY POINT in which the market has contracted significantly.
VITAL SIGNS: RSI, STOCH, and VOLUME are all looking good.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
Happy Trading Everyone!
INSTRUCTIONS: HOW TO USE THIS MINIMALIST CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time, depending on the dynamics of the market.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
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AFRM TECHNICAL ANALYSISafrm is in an overall downtrend at the moment.
huge gap on the daily chart.
feel free to give and/or suggest advice on anything.
AFRM breaking outI have been watching this for a while now,
It seems that the break is about to happen,
I want to see a 1 hr candle closing above $124 before taking an entry.
Target at ATH
$V - Visa in a major bearish downtrend $134 PTIf you draw a trend since 2011, it looks like it can retest the $134 level (which has acted as major support levels multiple times. I would not buy at current levels.
AFRMAffrim has massive potential if we can get above 139.5 lvl
This one should have some momentum behind it and algo shows that there is money flowed into this stock.
208 remains the target to the upside love this one as it holds 123.
s/t target is 153-163.
UPST - BE READY - SET ALERTS All,
UPST with last ER is just a must watch down here it could hold here, or drop down but I for sure think we have a MASSIVE bounce if it drops down on that trend line.
This is all pending the market. SPY falling knives can slice any mid/large cap.
