Affirm Pretty extende Howver I took a trade at 43.17. Stop below 43.15 moving to breakeven now. We broke key resiatnce which means we could rally hard. Although a bit extended on 1 hour watching 43.50 support to hold and 44.60 as next resistance. If we break that we have a clear rip to previous support in the 60s
AFRM trade ideas
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AFRM - Rolling over againLosing 9 EMA, albeit volume is low, but that can add to the fuel to fire. unless it claims 42 or some news acts a catalyst, could test low again in coming days.
Disclosure: despite my good judgment, I am stuck in this. Maybe I will cut it lose for loss if price acts weak next couple of days.
Affirm double botom on a 15 min. Retested neckline as support. Of course ts down in the gutters but I’m long 36.79. I’m takin a few longs here as they are risky but trying to play off double bottoms stops below low Good luck just throwing out my idea and plays. Do with what you will. Small swing ideas
AFFIRM HOLDINGS, INC - BEARISH SCENARIOThe earnings report was released last Thursday by Affirm Holdings.
The company`s revenue rose more than 70 % year over year to $361 million beating estimates by $28 million, but its net loss widened to $0.57 per share, which missed expectations by $0.20.
New sales were triggered and retest of $ 47 support level.
Successful breakout will send the price back into the price channel.
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7pt Trading compass:
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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.
back to support if it doesn't breakout here!🚨afrm hit every target I mentioned in my prevous analysis! now its make it or break it time.. If we break above trend resistance look for a rally to 71.63-84.81, if we see a rejection (which seems like the logical outcome in my opinion) then look for a dump back to 46.28
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.
nice risk reward here, can have a nice bounce 🔥afrm sitting right above its all time low area creating a higher low, also at trend support.
This is what I call a cluster support, chances area we see a small bounce to the 60-63 trend resistance area and then a possible pullback from there. If it breaks I will update the chart :)
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