Affirm AFRM current BULLISH thesis level by levelLets NOT get out of control with the expectations and when and where this should go. Lets instead play this level by level by level as we watch the movements and levels of the SPX and Nasdaq. This WILL give us our overall limits and projections we can work with UNTIL we get our OWN narrative to run on our own.
Pay attention to the levels for Support (S) and Resistance (R) as well as you can see the GAPS that need to be filled marked by the Yellow STARS for you to make it EASY ...
Afrmlong
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.
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 looking goodI am playing the same Fib retracement & EMA cloud setup on all my picks this week. Trying out a new strategy.
AFRM retraced to the .618 and reacted beautifully. Double bottom at the .618 plus the wick on Friday's candle shows it is a valid level of support. This area has been prior resistance turned to support so that gives me additional reason to believe we will get a bounce. Blue EMA cloud is also acting as support at that level. If the .618 is breached and a candle on the 1HR closes below it I will exit the trade. Looking to ride this back to $150 be the end of the week.
9/26/21 AFRMAffirm Holdings, Inc. (AFRM)
Sector: Technology Services (Internet Software/Services)
Current Price: $123.73
Breakout price trigger: $103.00 (hold above)
Buy Zone (Top/Bottom Range): $113.00-103.00
Price Target: $138.00-140.00
Estimated Duration to Target: 59-63d
Contract of Interest: $AFRM 11/19/21 140c, $AFRM 1/21/21 150c
Trade price as of publish date: $10.95/cnt , $12.60/cnt
AFRM probably to close gapGood chance we see AFRM push towards the 223 levels to close gap, and possibly test new highs from there. In general there is strong momentum behind this name from good partnership with amazon and good earnings report.
Today, There is a chance if the general market sentiment is low for it to retest the support (shown on the arrows) and from there bounce back up later today or perhaps next week.
Good ways to build a nice trade here.
(Not trading advice, just my humble thoughts)
Affirm HoldingsThis looks like BIGC, AI and all these other "tech" unicorns pattern to me.
IPO ---> Cosmos ---> Laika ---> Get hit by an asteroid ---> troposphere ---> stratosphere ---> mesosphere ---> thermosphere ---> exosphere ---? your grandma's couch, cookies and milk ---> recharge and hello Laika again