AFRM trade ideas
Affirm DownThis Long Term Trend Down, looks Oversold on the MACD and more.
I expect a correction soon.
I could nibble here.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
AFRM/USD – 30-Min Long Trade Setup!📌 🚀
🔹 Asset: AFRM (Affirm Holdings, Inc.)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Breakout Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $50.13 (Breakout Confirmation)
✅ Stop-Loss (SL): Below $48.18 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $53.14 (First Resistance Level)
📌 TP2: $56.36 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$50.13 - $48.18 = $1.95 risk per share
📈 Reward to TP1:
$53.14 - $50.13 = $3.01 (1:1.54 R/R)
📈 Reward to TP2:
$56.36 - $50.13 = $6.23 (1:3.2 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Trendline Breakout: The price is breaking out from a downtrend resistance, signaling a bullish reversal.
📌 Retest Confirmation: Price is hovering around $50.13, testing previous resistance as support.
📌 Strong Support at $48.18: This level has held multiple times, making it a key invalidation point.
📌 Volume Confirmation Needed: Look for high buying volume above $50.13 to confirm bullish strength.
📊 Key Support & Resistance Levels
🟢 $48.18 – Stop-Loss / Strong Support
🟡 $50.13 – Breakout Level / Long Entry
🔴 $53.14 – First Resistance / TP1
🟢 $56.36 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $50.13 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($50.13) after TP1 ($53.14) is hit.
💰 Partial Profit Booking Strategy
✔ Take 50% profits at $53.14, let the rest run toward $56.36.
✔ Adjust Stop-Loss to Break-even ($50.13) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $50.13 and drops back below, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $50.13 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Breaking above $50.13 signals potential continuation.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.54 to TP1, 1:3.2 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
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Bias remains bullish after price retest previous resistanceAFRM has seen strong momentum since I first shared this trade in November 2024. The price surged from $56 to over $80+ in February 2025 before retracing to test the resistance-turned-support level around $50.
📈 Our Bias Remains Bullish – We continue to buy into the uptrend, with key support levels based on the ascending trendline formed since May 2023:
🔹 Weak Support: $45
🔹 Stronger Support: $35
🔹 Major Support: $30
As long as these levels hold, AFRM remains positioned for further upside. 🚀
$AFRM $70-$80 target, cup and handle WEEKLY, pt. 2 chartYes, I used the brush and drew that juicy cup and handle. I don't know, friends, this one looks really good for setup to long. Part 1 was posted just before this give it a glance. The EMA and SMA used here was the 50 and in the previous chart was 200.
WSL
$AFRM $70 target into retest $80, pt. 1 chartI wish you could post multiple charts in the same size so you can see and I don't have to post twice. I looked at the D and W. This name should see it's IPO highs at some point this year, with the volatility it could be sooner than later as well. Resistance, in my opinion, looks to be $80 zone, a psyche area as well -- dating back to 3/2021, 1/2022, 2/2022, and 2/2025. Looks like $45-$50 which was once resistance now flipped to support. It touched the 200sma and riding the 200ema. & There almost seems like a huge cup and handle formed on the weekly as well... interesting. Also, look at the earnings on NASDAQ:AFRM ... lmao. Monstrous.
WSL
Fundamental and Techincal support the moveI really like this opportunity, so I'm making a big move first thing Monday morning. The earnings are strong, and the stock has broken out of the accumulation phase with a big candle and high volume. I see potential for a continuation up to $150, but let's see how it plays out.
AFRM Affirm Holdings Options Ahead of EarningsIf you haven`t sold AFRM before the previous earnings:
Now analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week,
I would consider purchasing the 75usd strike price Calls with
an expiration date of 2025-4-17,
for a premium of approximately $3.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AFRM Cup-With-Handle Pattern on Weekly ChartThe 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.
Bullish Penant Breakout possibilities 62-65A bullish pennant has formed after a strong upward move (flagpole), indicating a period of consolidation. This is a continuation pattern, typically followed by another leg upward equal to the flagpole's height. The breakout is likely to happen this week, given that the pennant is near its apex. RSI and other momentum indicators show strength but are not yet overbought, giving room for further upside.
Breakout Confirmation: Enter a long position when the price closes above $56.50 on high volume (breakout level). Alternatively, aggressive traders can scale into a position slightly before the breakout if momentum indicators show bullish strength.
Profit Target Calculation:
Flagpole Height: $50.50 (low of the previous move) to $56.50 (high) = $6.00.
Breakout Target: Add the flagpole height ($6.00) to the breakout level ($56.50):
Primary Target: $62.50
If momentum remains strong, extend to $65.00 as a stretch target.
Stop-Loss Placement:
Place a stop-loss slightly below the pennant's lower support level at $54.50, allowing for minor fluctuations.
Risk-Reward Ratio: Aim for a 1:3 or higher ratio by maintaining a tight stop relative to your profit target.
The breakout is expected within the next few trading sessions as the price action nears the pennant's apex.
Volume should confirm the breakout (look for 2x average daily volume).
Trade Management:
Partial Take-Profit:
Sell 50% of the position at $60.00 to lock in profits.
Adjust stop-loss to breakeven on the remaining position.
Trail Stop:
Use a trailing stop-loss as the price approaches $62.50–$65.00 to maximize gains while protecting profits.
If the price breaks below $54.50, it invalidates the pennant pattern and may indicate a reversal.
I have taken an aggressive position targeting NASDAQ:AFRM 11/29/24 65C @.77 contracts.
I will update as I close the position profit or loss.
AFRM Breaks Out: Tracking an 83% Upside to $95Affirm Holdings, Inc. ( NASDAQ:AFRM ) is showing some serious upside potential as it targets a classic Cup & Handle breakout. With a current price hovering around $55, the setup suggests a potential 83% move up towards the $95 target, as marked by the white arrow.
Key Levels & Technicals:
Primary Support: Solid support zone sits at $51.49, offering a sturdy base for any pullbacks.
Trend Line: The trend line, acting as a rising support, signals strong buying pressure pushing this stock upwards.
Volume Profile: Increased volume around this breakout zone adds credibility to the bullish setup.
Indicators: Momentum indicators remain in the buyer's favor, reflecting sustained interest in this uptrend.
The bullish momentum is strong here, and as long as it respects the trend line, we could see a clear path toward the $95 target. This is one to keep on your watchlist—if the momentum holds, AFRM could hit that target sooner rather than later.
AFRM eyes on $46 then $52: Reject or Break to run MUCH higherAFRM currently at a key decision point.
Rejection here would imply "top is in".
Break should pop to next resistance.
$ 46.08 is the current fib barrier of interest.
$ 52.39 - 52.80 is the proven resistance above.
$ 39.19 - 39.76 is the first good support below.
Above the red are only scattered clouds for some distance.
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