AFRM | day trade This is one of a few day trades I took earlier in the week. Was having issues posting trades from the 1minute charts , but now I have it figured it out so stay tuned! More details on this trade will be posted below
AFRM trade ideas
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
$afrm$afrm probable support found. Should be interesting to see how this plays out. Predicting downward channel breakout here
AFRM long, Gap filled Gap bottom bounce and good area to go long with 1/6 days low as SL .. TG1 $100
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.
AFRM longNOT A BUYING SUGGESTION or anything
this is just my personal analysis.
notes
- currently at a strong support area @74-79
- last candle stick in daily: doji candlestick
-> indicates that the market is likely to reverse
- 06' january candlestick has a long lower shadow
AFRMAFRM appears to be breaking out, there was a lot of bullish flow on Monday for May calls. I like calls > 108 resistance - first target is 113, from there it can test 128, 140. SL at breakdown of 102/100 support.
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 is a bad investmentThis company seeks to profit off of short term loans the delinquency rates on these loans are rising and therefore they are likely to loose there profits they have failed to meet earnings and i doubt they will in surpass earnings expectations in the near future my price targets are 70-65 i wouldn't suggest anyone take this trade though technicals alone suggest $AFRM is oversold(daily) and at trend base however i am not sure if those trends matter as they where formed pre august 2021 when volume initially picked up so they will likely break easily
TLDR this is a bad company
AFRM Bullish PatternAffirm formed a bullish Shark Pattern.
If breaks below $60 it might test $35 before rebounce.
Indicators are still weak and needs to show signs of recovery.
$AFRM Filling gap down for reversalI strongly believe tech growth stocks will bounce back in Q1 of 2022. Affirm is currently filling a gap down and will look to accumulate in the $79-$72 range for a reversal
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 - Reversion to Trendline SupportHigh chance $AFRM falls down to the trendline support over the coming days, maybe even lower as it looks to fill the gap.
Take note of the volume shelf underneath! Once the bleeding stops I'm willing to bet we stop around 65 or 70 allowing us to load a long position into earnings!
Bulls will get paid later?AFRM nasty action if you are long side. What i am seeing is continued blood potentially for AFRM. Due to low RSI we can see a pump to retest 87.46 area a break above it sets a neutral sentiment. A rejection at that level will bleed us back to the support zone thats building at the 80.00 level. A break there will send us to last tested support which would be 67.82
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 super bullish!!!If you came for some sort of bearish analysis on $AFRM, then you're in the wrong place.
Every indicator, signal, chart, and analysis that I could possibly do tells me this thing will run within the next month or less.
1. FLOW SUPER BULLISH
2. Insider buying... plus hedgies buying
3. Analysis wise, it's breaking out of the downtrend support line and is currently in the bounce after the retest phase... this is where you enter.
4. The bottom indicator that has a yellow circle around it shows me if the whales are still in/buying and what the current sentiment is around the stock. For $AFRM, it is as high as ever and people are just loading up on this name.
WHAT TO WATCH:
$AFRM 01/07/22 105c
$AFRM 02/18/22 110c
$AFRM shares
