AFRM---nearing top in extended three?AFRM possible great value esp with larger wave 5 in broader market...credit galore
AFRM trade ideas
$AFRM - requestThis will be the last one I do today:
AFRM - looks like it is in a primary wave 5, and in the first impulse of the primary wave 5. We should be reaching a peak of intermediate wave 1 very soon of this primary 5. That wave 2 down will be a BTD (invalidation is 105 area - wave 4 bottom). Would be smart to wait to get in until after there is a clear 3 swing down. (if not already in). If in I would use a stop loss at this point
If we extend into 5 we could be seeing AFRM get up to around 200 a share before the primary wave 5 peaks
NOTE: AFRM has a tendency to go vertical and is very volatile - more volatility less accurate Elliot waves tend to be (mainly because they are hard to properly count until the moves are complete). Be mindful of that
AFRMScalping lvls here for AFRM .. if market sentiment was bullish I would believe this would breakout to upside but am skeptical with how market is digesting currently. Therefore here's both sides to this hot name.
Break above 115 - > 119
Break below 106 - > 100 - > 96
AFRM LONG INTRADAY-SWING 15min came back down to test the demand zone it respected it quite nicely. we backed up our analysis with trend, candle patterns and fib retracement. we can see some nice gains make sure you get a strike as near to price as possible and use proper risk management.
AFRM$AFRM two massive W's just stairstepping it up. Second pattern has had a nice pullback, but I'd like to see slightly deeper down to 122 or 118 for an even more explosive move back up. Bullish over 125.25 pt 126.25, 129.84, 131.5 ..bearish under 122 pt 118.48, 115.45
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
AFRMPremarket Movers !!
if weekly close above $143.80 may reach the New Target $199.50 - $200
Could be...
$AFRM Affirm - Breakout, Retest, Bounce Candidate$AFRM Affirm - Breakout, Retest, Bounce Candidate
Assuming a close at or above $123.70 today...could see a strong bounce into next week.
Near term price target: $140-$145 range
Note: This is NOT investment advice. Educational only.
AFRM - Late day Oct 1 call activityAFRM is on watch tmrw, as right before close there were Oct 1 $150 calls bought for $173k premium. Not a lot, but usually short expiration option flow hits.
Recent partnerships with Amazon and Shopify.
AFRM about to hit ATH?Last time it broke out of a flag, it ran 20$
Once again we are flagging
Watching $115 - 116 area break
Target would be ATH $126
AFRM Outside bar double inside bar setupBeautiful setup on AFRM. $AFRM above 112.81, 118c below 104.60, 100p. Or consider ORB.
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)
AFRM - 4H :: Wave projection and TP1 for recovery price at ATHPossible partnership with amazon caused bullish market.
TP1 - $146
Wave Projection - $254
AFRM , LONGAFRM , stopped out the first time after buying first gap . Then it gapped again , buying a few shares here .
In at 113.29
stop 104.26 was considering 101.91 as an alternative , decided to set tighter ..
AFRM High volume and gap zonesAFRM has some nice volume going into Tuesday. It also has two nice gap zones above and below. Look for the zones too be broke.
$AFRM offering up option playsAffirm Holdings $AFRM was up 34% on better than expected earnings and guidance.. the AFRM options market is lively with a steep volatility smile.. depending on your view there’s a number of plays here.. ATM straddle as IV’s there are well below historical volatility.. or bullish call or put spread to sell some rich OTM calls or puts.. after big earnings surprises and moves it can takes the options market a few days to figure out new volatility and therein lies the opportunity..
Bearish Divergence Between the 786 and 886 RetraceI think that we should look for a bearish reversal between the 78.6% and 88.6% Retracement and that we will fill 1 or 2 of the gaps below.
AFRMAFRM recapture upside with multiple PT raises EOW and positive nod of its credit underwriting system in the space. Clean channel since AMZN partnership. Fun one if you have been building since then. I'm expecting more participants with buying action at these levels// ATR: 6.19, Beta: 1.623
Affirm price targetsFibonacci levels for where the stock could go— the 1.618 level looks interesting given that that is where the all time high is and would encounter the most resistance
AFRMLots of clustering at 124-125, if we get there- possible overextension lines here for myself to remember, along with retracements
AFRM UpdatedAFRM is crushing every single target.
If you got back in - congrats.
This still looks like a no brainer long term hold as Amazon is taking over the world.
