$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
AFRM trade ideas
$AFRM - Falling Wedge Breakout$AFRM had a wonderful falling wedge breakout alongside a reclamation of a former support turned resistance.
I'm expecting this ticker to run over the coming days and weeks. PTs : 113, 128.
ABC BullishPossible stop below C.
This is NOT to long entry level.
There is a gap below price that is partially filled.
No recommendation
AFRM has a lot of potential! 🚀afrm has broken 3 downtrend flags lately, each has taken longer to break but was also followed by a bigger breakout each time.
first flag breakout did 92.29-133.17 for a 44.29% return.
second flag breakout did 109.20 to 176.65 for a 61.76% return.
this 3rd flag breakout has potential to do 112-210 for 75% gain.
this is only if history continues to repeat itself, considering all the call flow coming through today, its very possible in my opinion. It may take a while though!
goodluck, like and follow for more 💘
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.
AFRM set up for a RIP upwards per bullish wedgeWas curious and saw a nice bullish wedge pattern. Totally oversold, and was at almost 2x the price a month or so ago
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!
Vive Le Diamond Hands!
$AFRM - I'm not sure butI want to buy this stock but will wait for a lower price level. Also concerned as to the catalyst that could push it lower (i.e., lower price due to: broader market weakness, or company specific news, or credit concerns for BNPL?)
$AFRM starting analysis...Now that BNPL (Buy Now Pay Later) is souring, higher defaults, target demo less likely to be able to pay back, that puts the entire business model of Affirm at risk. Not to mention that there is almost nothing proprietary about the theory of buy now pay later (credit cards). So If we wanted to take a flier that this company is overvalued by several billion, I could get there. Going to watch post FOMC and see if there is a long term put lotto that I could hop on and ride for a month.
AFRM$AFRM bounced nice today off trendline support followed by feb 2022 110$ & 120$ call sweeps. Looks interesting if market turns bullish.
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.
Inverted Cup and HandleLast few days were a short covering rally. We now have a high probability of resuming the downtrend. Inverted cup and handle. Also, rejected off the bearish top of the flag line. Short term (Dec 17 option expiration) price target $100. Longer term, if we enter an overall bear market, then target the bottom of the gap about $73.77
Affirm DowntrendAffirm starting a pattern of lower lows and lower highs. Was able to draw a nice downtrending channel on it. Short the resistance. Target is about 110.
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
$AFRM - a likely case of gap fills?AFRM left behind 2 gaps. One at around $91 and the other around $69. It could close both of those gaps or at least close one.
We will see.
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
$AFRM update s/d zonesWhat’s good traders!
-Buyers stepped in today.
-AFFRM currently sitting in demand and needs to get above the 20d moving avg.
-if strong buyers show up, we can eat through the supply zones above.
Thanks for stopping by!
-DP
AFRM Falling wedge setupWhats good traders!
Lets take a look at AFRM.
Christmas is around the corner and thousands of people are probably shopping online for expensive gifts. Some are probably using AFRM to purchase these gifts... Anyways,
- I see a falling wedge on the 30min timeframe.
-Price is back below the 20 moving average.
-We are currently sitting at the above the 30min and the weekly demand zones.
-If we dip into demand, we need strong buyers to show up along with strong volume confirmation for a reversal to the upside.
Let me know what you think in the comments!
Thank you for stopping by!
-DP
AFRM bearishIn the future, maybe have a Cup and handle pattern. But not now!
Price $132.20 (11.29.2021)
Target $100.89 (down 23%)
IMO
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.
